New Jersey Business Leaders, GOP Lament $50.6 Billion Spending Plan [Business News Network (BNN) (Canada)]
Moody's Corporation (MCO)
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Source: Business News Network
As the state Senate passed the spending plan for the fiscal year that starts July 1 and the Assembly prepared to vote, critics said Murphy, a second-term Democrat, had missed once-in-a-generation opportunities to provide broader taxpayer relief and assist businesses that are still coping with the pandemic. “It is hugely disappointing that our repeated requests that surplus revenue be used for direct capital infusions to businesses desperately in need of help went unheeded,” Tom Bracken, president and chief executive officer of the New Jersey Chamber of Commerce, said in a statement. The chamber, with more than 1,200 members, said the budget made good choices on child care, infrastructure and workforce development. But Bracken said the record-high spending did little to set up businesses in a potential economic downturn. Like many US states, New Jersey saw a pandemic-driven spending boom, with at least $10.7 billion in unexpected tax revenue. The state also has about $3 billion
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MCO
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- 2/14/24 - Miss
MCO
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- 4/2/24 - Form 3
- 4/2/24 - Form 4
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