News Flash

Budgeting

Posted on: April 1, 2020

State Budget & Income Tax Deadline Extension

This morning, Governor Murphy, Senate President Sweeney and Assembly Speaker Coughlin issued the following joint statement, “The ongoing COVID-19 pandemic has caused hardships, financial strain, and disruptions for many New Jerseyans and New Jersey businesses. As part of our response, we have reached an agreement that the state income tax filing deadline and the corporation business tax filing deadline will be extended from April 15th to July 15th. Additionally, as part of the whole-of-government effort that is going into fighting COVID-19, we have agreed that the state fiscal year should be extended to September 30th. This will allow the Administration and the Legislature to focus fully on leading New Jersey out of this crisis, and to allow for a robust, comprehensive, and well-informed budget process later in the year.  We are committed to working together to enact the necessary legislation and supplemental appropriations to accomplish these goals.” 

We recognize the necessity of these actions. The League is in contact with the Administration and the Legislative Leaders as to how this agreement would impact local budgets. The League will advise on all developments.

Contact: Michael F. Cerra, Assistant Executive Director, mcerra@njlm.org, 609-695-3481 x120.


Facebook Twitter Email

Other News in Budgeting

MIllioniares' Tax to Bolster State Budget

Posted on: September 21, 2020

State Budget Deliberations Begin

Posted on: September 11, 2020

Proposed Budget Holds ETR/CMPTRA Level

Posted on: August 25, 2020

Interim State Budget Enacted

Posted on: July 6, 2020

Bridge Budget Bill Introduced

Posted on: June 26, 2020

Share the Message: MunisAreEssential

Posted on: June 18, 2020

DLGS Extends Deadlines

Posted on: May 29, 2020

State Budget Update

Posted on: May 22, 2020

Pension Payment Reminder

Posted on: April 24, 2020

CARES Bill Follow-up

Posted on: March 30, 2020

State Freezes Spending

Posted on: March 25, 2020

Healthcare Levy Cap Exclusion 2020 Budget

Posted on: February 24, 2020

Treasury Funding Release Reported

Posted on: January 21, 2020

DLGSA Extends CY 2020 Budget Deadlines

Posted on: January 3, 2020