State Of New Jersey Fiscal Year
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By the end of this month the state must adopt a budget for the upcoming 2021 fiscal year.
Football jersey black and white. Based on a wide variety of economic assumptions the state of new jersey is potentially facing a combined revenue shortfall of nearly 10 billion over the remaining months of fiscal year 2020 and through the end of fiscal year 2021 a potential decline that would be worse than the great recession. To make a budget recommendation contact your senate andor assembly representatives. So even as experts at the pew charitable trusts tracked the 50 state median for budget reserves last year at 13 of annual spending new jersey passed a budget with less than 5 of its annual.
A list can be found on the legislative directory. The state of new jerseys fiscal year begins on july 1st and ends on june 30th of the following calendar year. Phil murphy and state legislative leaders are planning to delay the end of new jerseys fiscal year by three months an unprecedented step that is designed to give the state more time to.
The state senate and assembly passed a bill june 29 extending new jerseys spending authority by three months making fiscal year 2020 supplemental appropriations of 77 billion in state funds and 45 billion in federal funds.
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