Posted on: September 14, 2022
Today, during the Annual Rate Renewal meeting of the State Health Benefits Commission (SHBC), the trustees voted to approve a nearly 23% local government health insurance rate increase and a 21% increase in state employee health insurance rates. The three...
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Pension & Benefits
Posted on: June 29, 2022
The FY 2023 Budget legislation was favorably released from both the Senate Budget and Appropriations Committee and the Assembly Budget Committee along a party-line vote in both committees on the evening of June 27. The Budget legislation includes an alloc...
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Budgeting
Posted on: June 29, 2022
With the FY2023 budget deadline of June 30 fast approaching, Governor Murphy and the State Legislature continue to consider how to use the $6.9 in surplus revenue. Governor Murphy and majority leadership continue to follow their affordability agenda for N...
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Budgeting
Posted on: April 22, 2022
Budget hearings continued this week with the Senate Budget and Appropriations meeting on Thursday, April 21. A number of individuals testified including some who reaffirmed the League's requests to restore funding to Op...
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Budgeting
Posted on: April 13, 2022
On Monday, April 4, the legislative hearings on Governor Murphy’s proposed $48.9 billion FY2023 budget began. The Assembly Budget committee heard testimony from the New Jersey Office of Legislative Services (OLS) and the New Jersey Department of...
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Budgeting
Posted on: February 24, 2022
As the State begins to consider its FY 22-23 budget, it is critical for municipalities to advocate for S-330, which will increase distribution to municipalities from the Energy Tax Receipts Property Tax Relief Fund over five years, restore munici...
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Budgeting
Posted on: January 31, 2022
On Thursday the Senate Community and Urban Affairs Committee unanimously approved S-330, which increases distribution to municipalities from the Energy Tax Receipts Property Tax Relief Fund over five years to restore municipal aid reductions and requires ...
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Budgeting
Posted on: October 1, 2021
The Federal fiscal year begins today, October 1. Yesterday, the Senate and House passed a Continuing Resolution to fund the government through December 3 with $27 billion in new funding for disaster relief and refugee resettlement. President Joe Biden sig...
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Budgeting
Posted on: February 24, 2021
On Tuesday, February 23, Governor Murphy delivered the annual budget address. The Governor’s proposed $44.8 billion budget will guide the State’s spending through the next (FY 2022) fiscal year. While the full details of the Governor&a...
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Budgeting