Liz Muoio Archives - New Jersey Globe

Murphy holds the line on borrowing despite rosy revenues

April 7, 2021 4:11 pmApril 7, 2021 9:47 pm

Gov. Phil Murphy declined to say whether he, like Senate President Steve Sweeney (D-West Deptford), regretted bonding $4 billion to plug a hole in the state’s revenues that never fully materialized Wednesday. The governor argued the state needed the money...

New Jersey backs suit seeking to end state income tax collections out-of-state remote workers

December 22, 2020 1:29 pm

New Jersey is backing a federal suit that seeks to block states from collecting income tax on remote work done by non-residents. The state on Tuesday filed an amicus brief urging the Supreme Court to hear a suit filed by...

Treasury prices more than $4 billion in pandemic bonds

November 17, 2020 3:52 pm

The State Treasury Department priced more than $4 billion in bonds meant to shore up its finances amid the pandemic Tuesday. “We are extremely pleased with today’s outcome,” State Treasurer Elizabeth Maher Muoio said. “We believe the significant oversubscription we...

Reynolds-Jackson won’t run for Trenton mayor

September 21, 2020 3:17 pm

Assemblywoman Verlina Reynolds-Jackson (D-Trenton) isn’t eying Trenton Mayor Reed Gusciora’s seat, but she also stopped short of endorsing her former runningmate for another term Monday. “Me? Oh, No, no, no,” she said when asked if she would seek to oust...

Ciattarelli hits Murphy over gas tax hike

August 31, 2020 4:16 pm

Republican gubernatorial candidate Jack Ciattarelli launched an attack at Gov. Phil Murphy after the incumbent said he was unaware of a 9.3 cent increase to the state’s gasoline tax announced Friday when he delivered his revised budget address last Tuesday....

Gas tax to rise by 9.3 cents in October

August 28, 2020 1:29 pmAugust 28, 2020 3:47 pm

New Jersey’s Gas tax is going up, the Treasury announced Friday. The Petroleum Products Gross Receipt tax will increase by 9.3 cents per gallon, from 30.9 cents to 40.2 cents per gallon of gasoline, on Oct. 1. The PPGR tax...

OLS revenue forecasts largely in line with Treasury predictions

May 28, 2020 3:13 pmMay 28, 2020 7:07 pm

The Office of Legislative Services’ picture of New Jersey finances isn’t much rosier than what Treasury officials announced last week. “Our forecast in total is, over the 15 months that we’re forecasting, is about just short of half a billion...