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N.J. Governor Orders Task Force to Tackle $11B in Tax Breaks

Jan. 24, 2019, 9:58 PM

A new task force in New Jersey will further review the state’s tax incentive programs following a report by the comptroller that the state spent as much as $11 billion without getting the payoff of jobs promised.

In an executive order Jan. 24, Gov. Phil Murphy ordered the tax force to conduct an “in-depth examination” of the Grow NJ and Economic Redevelopment and Growth tax incentives programs, complete with public hearings and cooperation from other state agencies.

The order follows up on an executive order last January, when the Democratic governor directed the state Comptroller’s Office to review tax incentive ...