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What should NJ do with all that new money? | NJ Spotlight News

What should NJ do with all that new money? | NJ Spotlight News
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What should state do with an extra $10 billion?

State Treasurer Elizabeth Maher Muoio reported that state's $10 billion surplus can be carried into the new fiscal year that begins July 1. ....

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The latest federal aid to NJ – and the strings attached

New Jersey has received more than $6B from the American Rescue Plan Act and a list of rules for how the funds can and cannot be spent. ....

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Leadership Transition at Division of Investment Announced

Leadership Transition at Division of Investment Announced
May 12, 2021, 2:15 pm | in
Leadership Transition at Division of Investment Announced

(TRENTON) – New Jersey Department of the Treasury’s Division of Investments Director Corey Amon announced Tuesday that he is resigning his position, effective June 4, to pursue a new opportunity. Shoaib Khan, Deputy Director of the Division, will serve as Acting Director following Amon’s departure to ensure a seamless transition in order to protect the retirement of hundreds of thousands of public employees.

“Corey’s hard work and commitment have placed the Division in a strong position as we begin to emerge from the COVID pandemic. His dedication to pension fund members and the way he honored his fiduciary duty has been commendable. We are thankful for his service and wish him all the best as he embarks on the next chapter of his career,” said ....

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New Jersey Considers Eliminating Gas Tax

UpdatedThu, May 6, 2021 at 9:26 am ET
Replies(193)
New Jersey officials say they re looking into replacing the gas tax since fuel consumption is down. (Shutterstock)
NEW JERSEY New Jersey could get rid of the gas tax now that it s jumped astronomically in recent years. But even if the state moves forward, drivers will still find themselves digging in their pockets if they want to hit the road.
State officials say they re looking into replacing the gas tax with a mileage fee, a plan that would help New Jersey deal with the rising numbers of electric cars that have hit the road.
With a mileage fee, each car would have to be equipped with mileage counter that tracks usage. ....

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