Businesses fear higher taxes are coming, and ahead of Gov. Phil Murphy's budget address, they're out to show why that would be a bad idea.
The state's largest business lobby group, the New Jersey Business and Industry Association (NJBIA), yesterday released its 2020 Business Climate Analysis, which shows that once again, New Jersey ranks worst in the region on competitiveness and affordability.
Quite a lot has been going on:
NFIB: Gov. Murphy Budget Likely to be a No Starter for Small Business
Gov. Murphy Budget Likely to be a No Starter for Small Business
Already overtaxed and over-regulated with no relief in sight
TRENTON Feb. 25, 2020 – Today, NFIB, the leading small business association in New Jersey, expects to Governor Phil Murphy's budget proposal to include a millionaires tax and a significant amount of additional spending that is likely to require additional taxes or fees. If that's the plan, it creates great concern because the costs are likely to fall upon small businesses in the state. Eileen Kean, state director of NFIB in New Jersey , offered the following quotes:
Denbury Reports 2019 Fourth Quarter and Full-Year Results, 2020 Capital Budget and Estimated
PLANO, Texas, Feb. 25, 2020 (GLOBE NEWSWIRE) -- Denbury Resources Inc. ( DNR ) ("Denbury" or the "Company") today announced its fourth quarter and full-year 2019 financial and operating results, along with its 2020 capital budget and currently estimated 2020 production.
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Sequential and year-over-year comparisons of selected quarterly information are shown in the following table:
Chris Kendall, Denbury's President and CEO, commented, "Denbury's fourth quarter 2019 results round out an exceptional year for the Company. Through the sustained focus of our dedicated teams, we beat our targets for all key performance measures, including safety, production, and all expense categories, and we achieved our highest free cash flow level since 2015. We also took significant steps towards further reducing our debt and strengthening our balance sheet.
Jason Blum on The Invisible Man & Blumhouse’s Low-Budget Strategy | Observer
Jason Blum doesn’t agree with 99% of Hollywood thinking. That’s why his model is working. El Pics/Getty Images
At the same time that he’s been helping to redefine modern conceptual horror, the the 51-year-old Los Angeles native has also been dismantling Hollywood’s economic model. While most studios and production companies are funneling their resources into $100 million tentpole blockbusters, Blumhouse has sprinted in the other direction. They rarely make a film for more than $10 million. The non-traditional approach has worked far more often than it hasn’t.
While you're here, how about this:
What Makes Avis Budget (CAR) a New Strong Buy Stock
Avis Budget Group (CAR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Dish's $10 billion 5G network build-out budget may fall short - Business Insider
While the factors Ergen cited will undoubtedly lead to cost savings, there is still reason to doubt Dish's $10 billion budget will be enough. Here's why the current plan might not be viable:
Analyst: Casper Streets Risk More Decline Without Budget Increase
But Casper needs to budget more sooner to maintain its half-billion-dollar streets asset if it wants to budget less later, a consultant told city council at a work session Tuesday.
In 2019, the city hired IMS Infrastructure Management Services, LLC, in Tempe, Ariz., to study its 285 miles of streets, and company manager Jim Tourek outlined the results to the council.
Figuring the average replacement for a typical roadway is $1,950,000 per mile, the city has $555,100,000 invested in its paved roads, not including the value of the land, according to the executive summary in IMS's report.
Singapore Budget 2020 extends and enhances business tax breaks–MNE Tax
Singapore’s Budget 2020 was delivered by Deputy Prime Minister and Minister for Finance, Heng Swee Keat, to the Singapore Parliament on 18 February.
Known as the Unity Budget, the proposal focuses on ensuring that Singapore remains business competitive; preserving jobs and helping businesses to mitigate the economic slowdown resulting from the twin effects of COVID-19 and the US-China trade war; and laying the groundwork for future industries and businesses.
Happening on Twitter
NBC (2): "This means that business leaders should start considering who can work from home. Perhaps the time will c… https://t.co/vBwiUcCJcF SethAbramson (from All views mine.) Tue Feb 25 20:14:07 +0000 2020
Ingrid Saunders Jones is one of the #HistoryShakers who forever changed our business—for the better. This… https://t.co/Tno9Q6X7je CocaColaCo (from Atlanta, Georgia, USA) Mon Feb 24 16:56:51 +0000 2020
The Business community wants certainty and the people's Climate Change Bill is a nonpartisan middle path that bring… https://t.co/5Nx0MAfOG8 zalisteggall (from Manly, Sydney) Tue Feb 25 01:52:10 +0000 2020
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