New Jersey lawmakers say state push to delay energy hikes an election season gimmick
TRENTON, N.J. — Republican Senators Anthony Bucco and Michael Testa slammed the New Jersey Board of Public Utilities (BPU) on Wednesday over its latest move allowing utility companies to propose deferred rate…
New Jersey Lawmakers Seek to Cap Electric and Gas Hikes at 2% Annually Amid Huge Spikes
Trenton, NJ – As New Jersey residents grapple with escalating electric and gas bills, a new legislative proposal, Bill A5446, has emerged in the 2024-2025 session to curb the financial strain on…
New Jersey Dems Continue Blaming Republicans for Double Digit Energy Price Hikes
TRENTON, N.J. — Senate Republican Leader Anthony M. Bucco accused New Jersey Democrats of deflecting blame for rising energy costs, arguing that their policies have driven up prices and jeopardized reliability. Bucco’s…
Murphy’s budget includes over $1 billion in tax hikes, Republican lawmaker warns
TRENTON, N.J. — Gov. Phil Murphy’s proposed budget would raise taxes by more than $1 billion, according to calculations by Assembly Budget Committee member Brian Rumpf, who criticized the plan as making…
‘He Has The Political Mandate’: Companies Scramble To Respond To Trump’s ‘Beautiful’ Tariff Hikes
Companies are scrambling to respond to President-elect Donald Trump’s “beautiful” tariff proposals that his administration may seek to enact early in his second term. Proactive steps that companies are taking to evade…
Rally Against New Jersey Transit Fare Hikes, Service Troubles Planned in Newark
Transit Riders to Rally Against NJ Transit Fare Hikes Newark, NJ — In response to impending fare hikes, transit riders will rally outside NJ Transit headquarters, urging Governor Murphy to halt the…
New Jersey Train Fare Hikes Increase Mass Transit Cost by 15%
TRENTON, NJ – Mass transit services in New Jersey are running out of money. Mass transit, one of the cornerstones of Governor Murphy’s green energy agenda is about to get more expensive…
New Jersey Law Helps Low Income Families Cope with Green Energy Price Hikes
Trenton, NJ – The Senate Environment and Energy Committee has taken a decisive step toward environmental justice and energy affordability for low-income and historically marginalized communities in New Jersey. Sponsored by Senator…
3% New Jersey Toll Hikes on The Agenda in December
NEWARK, NJ — The Port Authority and the South Jersey Transportation Authority have proposed budget plans for the upcoming year, which include potential toll increases. Drivers crossing the Hudson via Port Authority…
New Jersey Democrats Reverse Course on Toll Hikes Ahead of Elections, GOP Leaders Say
TRENTON, NJ – In a sudden reversal days before state Legislature elections, Gov. Phil Murphy and New Jersey Democrats halted a planned toll increase on the New Jersey Turnpike and Garden State…
Rodrick Slams Giovine’s Past Habit of Tax Hikes As Toms River School Board Leader
TOMS RIVER, NJ – Toms River Councilman Dan Rodrick has a reputation for saying no during his time on the Toms River Council. In fact, he prides himself in saying no to…
Powell Signals More Rate Hikes Could Be On The Horizon
Powell Signals More Rate Hikes Could Be On The Horizon Will Kessler on August 25, 2023 Federal Reserve Chair Jerome Powell raised the possibility of more interest rate hikes in prepared remarks…
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes Will Kessler on August 17, 2023 The average 30-year fixed-rate mortgage hit a 20-year high on Thursday following interest rate hikes and…
Interest Rate Hikes Fail To Pump The Brakes As Inflation Rises
Interest Rate Hikes Fail To Pump The Brakes As Inflation Rises Will Kessler on August 10, 2023 Inflation rose in July after steadily declining from a high of 9.1% in June 2022,…
Fed Resumes Interest Rate Hikes To Highest Level Since 2001
Fed Resumes Interest Rate Hikes To Highest Level Since 2001 Will Kessler on July 26, 2023 The Federal Reserve hiked its benchmark federal funds rate by a quarter of a percentage point…
Mayor Amato, Berkeley Council oppose toll hikes on Parkway, Turnpike
Berkeley Township, NJ – On Monday night, the Berkeley Township Council unanimously passed a resolution opposing the proposed toll increases on the Garden State Parkway and New Jersey Turnpike. The resolution was…
Fed Hikes Rates To Highest Levels Since Eve Of 2008 Financial Crisis
Fed Hikes Rates To Highest Levels Since Eve Of 2008 Financial Crisis Jason Cohen on May 3, 2023 The Federal Reserve hiked its benchmark federal funds rate by a quarter of a…
Inflation, Still Sky-High, Slightly Cools As Fed Weighs More Rate Hikes
Inflation, Still Sky-High, Slightly Cools As Fed Weighs More Rate Hikes John Hugh DeMastri on March 14, 2023 Prices grew 0.4% on a monthly basis in February, falling slightly from January, the…
Biden’s Social Security Pledge Will Likely Mean Huge Middle Class Tax Hikes, Expert Warns
Biden’s Social Security Pledge Will Likely Mean Huge Middle Class Tax Hikes, Expert Warns Laurel Duggan on February 21, 2023 President Joe Biden promised to block any attempts to reduce Social Security…
Fed Hikes Interest Rates To Highest Levels In 15 Years
Fed Hikes Interest Rates To Highest Levels In 15 Years John Hugh DeMastri on February 1, 2023 The Federal Reserve raised its target federal-funds interest rate by a quarter percentage point Wednesday,…
Testa/O’Scanlon: You Know Murphy’s Mismanagement of SHBP Rate Hikes Is Bad When Dysfunctional Trenton Looks Smart for Jumping Ship
Sen. Michael Testa and Sen. Declan O’Scanlon said a decision by the City of Trenton to leave the State Health Benefits Plan for a private insurer to avoid a 23% increase could…