KBRA Reviews New Jersey Governor Murphy’s FY 2019 Budget

NEW YORK--()--Kroll Bond Rating Agency (KBRA) reviews the Governor’s FY 2019 Budget for the State of New Jersey, which was presented by Governor Phil Murphy to the State Legislature on March 13, 2018. Governor Murphy took office in January 2018. The Governor’s proposed FY 2019 Budget of $37.4 billion for State budgeted funds includes a 4.2% increase in appropriations from FY 2018 adjusted appropriations. The proposed FY 2019 Budget also includes a 5.7% increase in revenues, to be generated by several new taxes and tax increases.

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About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Contacts

Kroll Bond Rating Agency
Analytical:
Kate Hackett, 646-731-2304
Managing Director
khackett@kbra.com

Contacts

Kroll Bond Rating Agency
Analytical:
Kate Hackett, 646-731-2304
Managing Director
khackett@kbra.com