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Money

Former Camden Mayor Dana Redd, left, listens during a meeting of the New Jersey Economic Development Authority Thursday, July 10, 2014, in Trenton, N.J., where a vote was taken on a $260 million tax break was approved for Holtec International. (Mel Evans/AP)
Business
Taxes

N.J. tax-break programs poorly monitored, audit finds

As of February 2018, the EDA had approved nearly $11 billion in tax breaks across five different programs statewide.

7 years ago

A SEPTA bus travels west on Walnut Street.
PlanPhilly
Philadelphia
Transportation
PlanPhilly

SEPTA facing $63M capital budget shortfall over motorists' lawsuit

SEPTA is bracing for a possible $63 million shortfall in 2019, pending the outcome of a contentious lawsuit filed in federal court by two motorists’ groups.

7 years ago

Protesters with NYC Fight for $15 gather in front of a McDonalds to rally against fast food executive Andrew Puzder, who was President Trump's nominee to lead the Labor Department on February 13, 2017 in New York City. (Spencer Platt/Getty Images)
NPR
Business

Minimum wages rising in 20 states and several cities

The federal minimum wage has remained at $7.25 an hour since 2009, but in the years since, 29 states and the District of Columbia have established higher minimum wages.

7 years ago

Changes in the tax code mean that charitable donations may no longer be deducted, which could come as a surprise to many taxpayers. (Andrew Harnik/AP)
NPR
National

Those end-of-the-year charitable donations may not help your tax bill

New changes to tax law will make deducting charitable giving from next year's taxes more difficult for taxpayers.

7 years ago

Bucks County Representative Gene DiGirolamo, at his district office desk. DiGirolamo is one of just a few Republicans who strongly supports increasing the dollars provided to counties for human services. He hasn’t had much luck convincing the rest of his caucus. (Katie Meyer/WITF)
Mental Health
Pennsylvania
Public Health
PA Post

State mental health funding hasn’t increased in years. Pa. counties say it’s affecting care.

Most of the mental health care for Pennsylvanians not covered by Medicaid, or insurance is provided through counties and bankrolled by the state. But funding hasn’t increased.

7 years ago

Disgraced Wall Street financier Bernard Madoff leaves U.S. Federal Court after a hearing on March 10, 2009 in New York. Ten years later, victims of his scam are still rebuilding their lives. (Getty Images)
NPR
National

For Madoff victims, scars remain 10 years later

Instead of trading stocks with his clients' money, Bernie Madoff had been operating an enormous Ponzi scheme, paying off old investors with money he got from new ones.

7 years ago

People stand near a statue of George Washington, adjacent to the New York Stock Exchange, background, Saturday, Dec. 22, 2018, at the closed Federal Hall National Memorial in New York.   Now in its 10th year, America's economic expansion still looks sturdy. Yet the partial shutdown of the government that began Saturday has added another threat to a growing list of risks. (Craig Ruttle/AP Photo)
Economic Development
National

Partial government shutdown compounds risks for U.S. economy

Now in its 10th year, America's economic expansion still looks sturdy. Yet the partial shutdown of the government that began Saturday has added another threat.

7 years ago

Members of the commission that studied the pension, standing behind binders full of documents. (Katie Meyer/WITF)
Pennsylvania
Politics

Pa. officials urge indebted public pension funds to consolidate, change investment strategy

Pennsylvania's treasurer, governor, and a group of lawmakers unveiled a new report Thursday that recommend a slew of changes for the state's two largest public pension funds.

7 years ago

Change in Median Household Income, 2012-2017
Income Inequality
Pennsylvania
PA Post

Pa. income growth lagging, data show

Pennsylvanians are lagging behind the rest of the country when it comes to income growth, according to one metric from the U.S. Census Bureau.

7 years ago

(Campbell Soup Co.)
Philadelphia Business Journal
Business
New Jersey

Campbell Soup Co. names Mark Clouse as its new CEO

This closes out a year filled with a contentious proxy contest, portfolio restructuring and major acquisitions, a new board, and a new strategic plan to right the ship.

7 years ago

Federal Reserve Board Chairman Jerome Powell speaks during a Rural Housing Assistance Council Awards Reception, on Dec. 6 in Washington, D.C. (Mark Wilson/Getty Images)
NPR
Economic Development
National
Personal Finance

Fed raises rates despite Trump attacks, stocks tank

The Fed said in a statement it is raising the key borrowing rate to a range of 2.25 percent to 2.50 percent — the highest level in a decade.

7 years ago

Red fire engine.
New Jersey
Public Safety

N.J. comptroller: $250 million fund for firefighters sits unused

Tax money paid by New Jersey fire insurance policyholders into a fund meant to help the state’s firefighters largely goes unused.

7 years ago

Auditor General Eugene DePasquale says this latest audit is a followup to previous DCED reviews in 2007 and 2014. (Katie Meyer/WITF)
Pennsylvania
Politics

Pa. auditor says DCED got better at recouping cash from bad investments

A new audit shows Pennsylvania's economic development program has improved its return on investment.

7 years ago

Jersey-Atlantic’s coastal wind farm in Atlantic City. (Phil Gregory/WHYY)
Energy
Environment
New Jersey
NJ Spotlight

N.J. rejects Atlantic City offshore-wind project for third time … too pricey

Nautilus official says ‘state is missing out’ as Board of Public Utilities gives thumbs-down to 25-megawatt wind farm.

7 years ago

(<a href=credit card via ShutterStock) " title="creditcard2" width="1" height="1"/>
New Jersey
Technology
NJ Spotlight

N.J. ponders ban on ‘cashless stores’, Amazon objects

Lawmakers concerned that if stores only accept credit and debit cards they would discriminate against poor and elderly customers.

7 years ago

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