Today, March 20, 2020, the United States Federal Reserve announced that it would intervene in an effort to provide liquidity and maintain interest rates in the state and municipal bond markets by supporting banks' purchase of certain municipal debt obligations.
On August 9, 2019, Governor Phil Murphy Assembly Bill A-2004, (the "Bill"), which now permits municipalities in New Jersey to pay non-residential property tax appeal refunds over a period of three years.
On February 19, 2019, the New Jersey Economic Development Authority ("NJEDA") announced the expansion of the existing Business Lease Incentive Program (commonly known as the "BLI Program").
On January 17, 2019, Governor Phil Murphy and Legislative Leaders announced the collective decision to raise the minimum wage rate in New Jersey from $8.85 per hour to $15 per hour for most businesses over a five (5) year period. On January 24, 2019, the New Jersey Assembly's Labor Committee approved legislation (Assembly Bill A-15) that would implement the minimum wage increase. If approved by other Legislative Committees, passed by both the full Assembly and Senate, and signed into law by the Governor in its present form, key provisions of Bill A-15 include the following
This afternoon, Governor Phil Murphy and New Jersey Legislative Leaders reached a deal that, if approved by the full legislature and signed into law by the Governor, will, over a period of five (5) years, raise the minimum wage rate in New Jersey to $15 per hour for most businesses (reaching $15 per hour in 2024).
On November 9, 2018, the New Jersey Economic Development Authority ("NJEDA") provided an outline of several new enhancements to its existing lending programs for small businesses in New Jersey. In particular, the NJEDA announced changes to its "Premier Lender Program" and its small business lending programs, as well as the implementation of the new "Access Program."
Aging infrastructure, rising sea levels, polluted stormwater runoff, and the impact of more intense weather events have created an urgent need for New Jersey to address its stormwater infrastructure.
Governor Murphy commits to investing in people, ecosystems, physical spaces and more in the State of New Jersey.
Public Finance Shareholder Jeffrey Winitsky explains the newly adopted amendments to Rule 15c2-12 of the U.S. Securities and Exchange Commission Act of 1934 that effect reporting requirements for municipal bond issuers.
A recent change in the law now allows for all types of affordable housing development projects to get credits and reductions for sewer and water connection fees. Shareholder Jeffrey Winitsky explains.