New Jersey Fiscal and Economic Outlook

July 14, 2020

The coronavirus pandemic has had a devastating impact on New Jersey’s businesses as well as the state budget. In this episode, Jeff talks with Senator Steven Oroho and NJ Spotlight budget reporter John Reitmeyer about the fiscal and economic health of the state.

How are the Governor and Legislature addressing the state’s massive revenue decrease in the short term? What can we anticipate in Governor Murphy’s budget proposal that has to be issued by Aug. 25? Will Governor Murphy’s borrowing/bonding plans go through? Hear the answers to these questions and more.

This episode is sponsored by Provident Bank.

Jeffrey  Kaszerman

Jeffrey Kaszerman

Jeff Kaszerman is the vice president of government relations for New Jersey Society of CPAs. He works with the CEO and board of trustees to create and implement advocacy initiatives that protect and promote the interests of the CPA profession, the business community and the public.

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John  Reitmeyer

John Reitmeyer

John Reitmeyer is the budget and finance writer with NJ Spotlight News and covers the annual New Jersey budget, the public-employee pension system, tax policy and more. He has received numerous honors and awards including most recently first-place recognition from the New Jersey Press Association for specialty writing in 2020. He has appeared as a guest on CNN, CBC, Fox, MSNBC, and News 12 New Jersey, and now analyzes tax and budget issues on a regular basis for NJ Spotlight News' evening broadcasts. Mr. Reitmeyer received his Bachelor of Arts Degree from The College of New Jersey.

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Steven  Oroho

Steven Oroho

Senator Steve Oroho is currently serving his third term in the New Jersey State Senate. He represents the Twenty-Fourth Legislative District in the northwestern part of the state which comprises all of Sussex County, and parts of northern Warren and Morris counties.

Before entry into public office, Senator Oroho had extensive professional experience in the finance departments of top New York City firms, including work for Price Waterhouse, W.R. Grace and Company, as well as Young and Rubicam where he held the position of Senior Vice President of Finance. Senator Oroho is presently a certified financial planner with Stonebridge Capital Management.

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