The House of Representatives was expected to vote Saturday on the deal reached by the General Assembly’s majority Democrats and Democratic Gov. Malloy last week. It’s unclear when the Senate will vote on the $19 billion budget bill.
Charter schools and pre-kindergarten are getting funding in the recently approved state budget. But tax credits that would have benefited private schools with up to $150 million a year have so far been denied.
Broadway theater – and live commercial theater around the country – would get a huge financial boost under a change in the federal tax code proposed by U.S. Sen. Charles Schumer (D-N.Y.)
Those donating to public schools, school districts, teacher projects and scholarships would be eligible for the Education Investment Tax Credit under the proposal. The cardinal said the governor is on board.
Early indications, however, are that Democrats are unlikely to move off the argument that the state is not taking in sufficient revenues to support a phased-in 10 percent cut.
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Only a few energy tax credits will extend through 2016.
The Atlantic City Council must get approval from the state Community Affairs Department’s Local Finance Board in order to borrow the money.
The cap would hold state spending to 2 percent of growth a year.
The film industry now has more incentive to shoot a movie in New Jersey.
The chill of winter has found its way into under-insulated homes, sending utility bills through the roof as heating systems struggle to keep up.