Steve and Eydie rolled the first roll of the dice when Resorts opened, forty years ago this weekend. Actually, Eydie slept in Amy Rosenberg reports. Either way, you should read her story.
The NJ Spotlight’s Tom Johnson dives deeply into the energy bills signed by Phil Murphy yesterday, one of which gave like what, $300 million per year to PSE&G?
“Critics, including many business groups, consumer advocates, and environmental groups, countered that PSEG never demonstrated the plants are losing money. By handing out such a huge subsidy, opponents feared it would hinder efforts to reach the aggressive renewable energy targets set by Murphy.”
Remember when some New Jersey lawmakers wanted to let you put your property taxes into a fund, treat that fund as a charitable institution or something and then deduct those charitable contributions from your federal tax return, as you could do before the GOP/Trump tax cut (?) bill passed last year?
Well the IRS apparently got wind of this cunning plan and is issuing new rules specifically to block it.
“Despite these state efforts to circumvent the new statutory limitation on state and local tax deductions, taxpayers should be mindful that federal law controls the proper characterization of payments for federal income tax purposes,” the IRS notice said.
In other words, roll the dice at your own risk.
For more news from across your region, see below:
Memorial Day 2018 in N.J.: A statewide guide to 20 weekend events and festivals–Memorial Day weekend is on the horizon, the first long weekend of the year that features warm weather (we hope, anyway). So everybody has an extra day to do something fun this weekend. Great. Now, what do we do? www.nj.com
Vintage Memorial Day photos from N.J.–It began as Decoration Day and is now known as Memorial Day. By either name, it is dedicated to honoring the men and women who died while serving in the U.S. military. www.nj.com
Holy Spirit girls win South Jersey Non-Public B title–The Holy Spirit High School girls track and field team made school history Tuesday as its first girls team to win the South Jersey Non-Public B Tournament. www.pressofatlanticcity.com
Dan Nunan strikes out 15 in two-hitter as Ocean City advances in S.J. Group III–OCEAN CITY — Ocean City High School pitcher Dan Nunan struck out 15 Wednesday in his first outing in a week and a half, and the Red Raiders beat Delsea Regional 3-0 in a South Jersey Group III first-round baseball game. www.pressofatlanticcity.com
32,000–The campaign for a $15 per hour minimum wage has had strong support in New Jersey. But, in a new study, two economists suggest that, if adopted, it might lead to 32,000 jobs lost in the Garden State by 2024, with 10,000 of those losses among employees between the ages of 16 and 19. www.njspotlight.com
POOR SECURITY OF NJ ELECTION SYSTEM AND RUSSIAN HACKERS PROMPT MOVE TO REVAMP–Voting in New Jersey would go retro, using paper, pens and scanning machines, under legislation designed to increase the security of the ballot in the state. www.njspotlight.com
BYRNE BOWS OUT OF KEY INVESTMENT PANEL AS MURPHY PUTS HIS STAMP ON IT–Less than a year after being re-elected as the leader of the New Jersey State Investment Council, Tom Byrne is now leaving the panel that plays a key role in how the state’s roughly $77 billion in public-employee pension assets are invested. www.njspotlight.com
Downbeach farmers market season starts Friday in Ventnor–The Ventnor City Farmer’s Market 2018 season will begin 8:30 a.m. to noon Friday, May 25 and run every Friday until Aug. 31 on the grounds of St. James Church Holy Trinity Parish, 6415 Atlantic Ave. (at the corner of Newport and Atlantic avenues). downbeachpilot.com