- 2018-05-14
- ROI-NJ
The U.S. Supreme Court has paved the way for legal sports betting in New Jersey, ruling the 1992 Professional and Amateur Sports Protection Act is an unconstitutional regulation of state government.
- 2018-05-14
- NJ Advance Media for NJ.com
So the U.S. Supreme Court sided with New Jersey on Monday and ruled that sports betting is now legal across the country. But how quickly can you place your bets?
Here's a closer look at that question and more:
- 2018-05-14
- NJ Chamber Press Office
Enough is enough!
Two weeks after Gov. Phil Murphy signed into law the Mandatory Sick Leave Act and said it has the “strongest earned leave protections in the country,” the Legislature is now considering an expansion of the State Family Leave Act which Senate President Steve Sweeney says will make it “the most generous legislation of its kind in the nation.”
- 2018-04-30
- Bloomberg
SJP Properties and Aetna Realty are planning to spend as much as $1 billion on a project beside a Newark, New Jersey, commuter-rail hub, the latest in a spree of upscale developments that have brought new optimism to the long-suffering city.
- 2018-04-26
- NJBIZ
Former Lt. Gov. Kim Guadagno has accepted a position as partner with Roseland-based law firm Connell Foley.
In her new role, Guadagno will provide strategic counsel in a number of areas, including real estate, litigation, complex civil cases and criminal law, as well as provide legal advice to the firm’s partners and their clients.
State Treasurer to Business Leaders: “Unsustainable Path” for Public Employee Pensions Will Bring Everybody to the Negotiating Table
Gov. Phil Murphy plans to make a record-high $3.2 billion payment to the public employee pension system in the upcoming fiscal year under the state budget he proposed, said state Treasurer Elizabeth Maher Muoio. But she added a caveat - the Murphy administration will seek compromises from the public employee unions when the time comes to renegotiate their labor contracts.
- 2018-03-23
- NJ Spotlight
Far from the $30 billion the Gateway tunnel and Portal Bridge will ultimately cost, federal funds could get shovels in the ground for critical infrastructure initiative
The Gateway transportation project — which includes a new rail tunnel between New Jersey and New York — is in line for significant funding from the federal spending bill now being considered by Congress. Although the $541 million is only about half of what lawmakers from New Jersey and New York originally sought in a bill that won approval from the House of Representatives last year, it will allow work to continue apace on the project.
The federal spending measure could also allow Amtrak to move ahead with the replacement of the century-old Portal Bridge near Secaucus Junction, which was the source of the latest major headache for commuters last week.
It is very good news for New Jersey that the federal omnibus spending bill includes funding that can be utilized for the portal bridge and the Gateway tunnel. Although the funds do not fully cover the costs of these projects, it is a good start with future funding seemingly available.
These projects do more than connect New Jersey to New York City. They connect New Jersey to future economic vitality. Our state is heavily dependent upon its infrastructure and its ability to efficiently move people and products. Our infrastructure is the foundation of our economy and there is no way that New Jersey can remain competitive without a modern and efficient system of roads bridges and tunnels.
- 2018-03-15
- NJ Advance Media
There was a fear not too long ago that the iconic Shore dive Asbury Lanes would have to be shutdown for good or demolished because of structural and mechanical issues that plagued the popular bowling and music venue after 50 years of use.
But part of real estate investment company iStar's development plan of Asbury Park included restoring the 18-lane bowling alley, which opened in the 1960s and also later became a hip alternative music and arts venue before closing in October 2015, according to the Asbury Park Press.
Now, come Memorial Day weekend, Asbury Lanes will reopen as "the same anything-goes local hangout it always was and reborn as a state-of-the-art music venue," its new owners say.
- 2018-03-14
- The Christian Science Monitor
President Trump's tax reform has put high-tax Democratic states in a quandary: Should they tax more as Uncle Sam taxes less? Or will that push the rich to leave?
On Tuesday New Jersey's new Democratic governor, Phil Murphy, broke sharply with President Trump and Congress on taxes. He used his first budget address to propose a hefty tax hike on millionaires.