(Elise Young/NJ Spotlight)Mass transit riders should 'at least be heard' before annual automatic price increases go into effect, advocate says
(Elise Young/NJ Spotlight)Mass transit riders should 'at least be heard' before annual automatic price increases go into effect, advocate says

Funding sought as riders face 15% fare hike
Ted Goldberg/NJ Spotlight NewsQuestions swirl about the volatility of a levy on corporate profits

Advocates want business tax surcharge back; business interests decry corporate transit fee

Pressure for restoration of surcharge on corporate business tax
(Arek Socha/Pixabay)The 2023 holiday shopping season boosted state tax receipts but overall revenue collections are down
(AP Photo/Michael Conroy)NJ Senate committee approves bills to prioritize solar energy, energy storage and corporate tax credits
NJ Spotlight NewsSome want to make the 2.5% surcharge permanent

Transportation advocates see an opening to revive the issue
(AP Photo/Matt Rourke)Treasury officials had projected a decline from what was seen last year

Jersey City Mayor Steven Fulop is the first Democrat to announce a run for governorship
NJ Spotlight NewsMembers tie potential NJ Transit fare hikes to $1B drop in state revenue when surcharge sunsets

NJ Spotlight NewsState Treasurer says surplus remains a cushion against any potential fallout
(AP Photo/Matt Rourke)Cash infusion would help pay down debt, bolster rainy day fund and could even earn NJ a better grade from bond-rating firms
(Edwin J. Torres/NJ Governor's Office)Letting the corporate-business tax surcharge expire could greatly impact the state’s bottom line.

NJ Treasury reports an increase in revenues for all of the state’s major taxes in August

Revenues from income and corporate business taxes declined, but revenues from the sales tax increased in October.

The New Jersey Society of CPAs says the state should amend an obscure section of the tax statute to help make sure the new marijuana ...

Facing a pandemic-sized budget hole, Gov. Phil Murphy unveiled a spending plan for the rest of FY2021 that would borrow $4 billion and raise taxes ...