Economy

Assembly speaker’s senior tax cut bill clears panel

BY: - June 8, 2023

The proposal would offer residents ages 65 and older a tax credit equal to half of their property tax bill. Critics say it's too costly.

Cannabis agency to give priority to social equity businesses for some licenses

BY: - June 1, 2023

Commissioners voted to give social equity applicants priority when seeking wholesaler, distributor, and delivery licenses for one year starting in September.

More support emerges for tax relief plan for seniors as budget deadline nears

BY: - June 1, 2023

Gov. Phil Murphy has voiced cost concerns about a tax relief plan for seniors that's championed by Trenton's top Democrats.

GOP’s desired work requirements for federal aid would kick roughly 21M from anti-poverty programs

BY: - May 20, 2023

Democrats have pushed back on the work requirements, but House Speaker Kevin McCarthy has said they are non-negotiable.

State watchdog slams New Jersey City University for mismanagement that led to financial crisis

BY: - May 18, 2023

Nearly a year after New Jersey City University declared a financial emergency, a state watchdog blames top officials' mismanagement.

Fast federal response to pandemic key to US economic recovery, economists say

BY: - May 12, 2023

The lasting effects of the pandemic on the labor force and how well prepared policy makers are to handle a potential recession or another pandemic is unclear.

Study: N.J. needs more child care workers and centers as industry recovers from pandemic

BY: - May 11, 2023

Nearly a quarter of parents report they supervise their kids while working, have cut their hours at work, or used paid leave to remain home.

Job protections for temp workers go into effect

BY: - May 8, 2023

Temporary workers in New Jersey this week get a host of new protections intended to prevent wage theft and exploitative job conditions.

Fed’s fault-finding on bank failures could lead to stronger regulations

BY: - May 8, 2023

New banking regulations proposed by federal watchdogs could help lower bank fees and lead to a more stable financial system, according to some economists.

New Jersey tourism set to exceed pre-pandemic levels

BY: - April 27, 2023

Secretary of State says forecasters have predicted tourism spending will rise to $49 billion this year, eclipsing pre-pandemic totals.

Ag leaders lobby for better risk management programs at U.S. House farm bill hearing

BY: - April 27, 2023

Commodity trade group leaders say farmers need better risk management programs and more foreign market access amid volatile times.  

Labor commissioner gets friendly reception in budget committee, a turnaround from years past

BY: - April 26, 2023

In recent years, state labor officials faced harsh questioning from lawmakers about backlogged unemployment claims. This year was different.