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Quick Poll: The Impact of Governor Sherrill’s Proposed Budget

1.What impact do you think Governor Sherrill’s proposed budget will have on the state’s economy over the long term? The economy will:
2.The Governor’s proposed budget would reduce the income eligibility threshold for the STAY NJ property tax relief program from $500,000 to $250,000 and cap the maximum benefit at $4,000. How much of an impact would these proposed changes have on the ability of senior homeowners to remain in their homes and communities?
3.The proposed budget would establish a $1 million cap on the corporate tax deduction for net operating losses (NOLs) and prior net operating losses (PNOLs). What impact would this cap have on New Jersey’s business climate and corporate tax competitiveness?
4.The proposed budget would modify the alternative business calculation by reducing the deduction to 25% for businesses with gross income between $500,000 and $1 million and eliminating the deduction for businesses with gross income above $1 million. How do you believe these proposed changes would affect New Jersey businesses?
5.To address Medicaid funding, the proposed budget includes a per-employee fee of $325 to $725 on employers with 50 or more employees enrolled in NJ FamilyCare (New Jersey’s Medicaid). How do you believe this will impact businesses from both a cost and administration standpoint?
6.Is there anything you think Governor Sherrill should have included in her proposed budget that she didn’t?
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