In the News

N.J. just got more good news about its finances


The rating agencies revised their outlooks in the weeks after Gov. Phil Murphy signed a record $46.4 billion budget into law. Despite fears early in the pandemic of a total economic meltdown, the Garden State’s tax collections soared past expectations last year, allowing Murphy and lawmakers to make a historic $6.9 billion contribution to the pension fund for public workers and set aside $3.7 billion to reduce the state’s bonded debt. 

Read the full article here, originally published by on August 13, 2021.