Sobering Fiscal News for NJ Now and Long-Term

njspotlightnews.org
With state tax collections once again falling below expectations, a bipartisan group of budget and economic-policy experts is raising new concerns about New Jersey’s long-term fiscal trajectory.

A five-year budget forecast included in a report released on Thursday by Rowan University’s Steve Sweeney Center for Public Policy predicts multibillion-dollar budget gaps are likely within a few years, under the state’s current tax and spending policies.