A Bill Calls for Using the State’s Swelling Cash Surplus to Offset Impending Unemployment Tax Hikes on Employers
Assembly lawmakers are set to advance a bill to defray unemployment insurance tax hikes on businesses Thursday, their bid fueled by the state’s ample surplus cash. The automatic tax hikes are intended to replenish New Jersey’s unemployment trust fund, which pays out benefits to laid-off workers and was drained by skyrocketing jobless claims in the […]
What is Inflation Doing to New Jersey’s State Budget?
The effects of high inflation – and ongoing efforts to rein it in – are looming large as New Jersey lawmakers get ready to draft a state budget that must be adopted within a matter of weeks. With annual inflation running over 8% nationally, New Jersey is flush with cash. But long-term forecasts suggest inflation […]
More COVID-19 Cases and more Hospitalizations Coming, State Models Predict, but Severe Disease is Likely to Remain Stable
COVID-19 will continue to infect and hospitalize a growing number of New Jerseyans well into July, according to the state’s latest predictions, but the level of severe disease – and likely death – is expected to remain fairly stable all summer. While some experts see that potential stability as a positive sign, others worry people are […]