Form W-11 Elizabeth New Jersey 2017-2025

Form W-11 Elizabeth New Jersey: What You Should Know

Moody's Investors Services and Standard & Poor's Ratings and Research Company have affirmed the State of New Jersey's AA rating. “This decision demonstrates the strength of New Jersey's public debt, supports the Governor's fiscal plan and puts New Jersey on the road to sustainable long-term deficits, which are essential to attracting corporate investment, job creation and innovation,” Governor Phil Murphy said today. “I'm pleased with their report, and I encourage all New Jerseyans to visit to learn more about our record of fiscal discipline, the quality of our public education and colleges and universities, and our strong record of providing services for residents and businesses nationwide.” The State of New Jersey's credit rating is stable, Fitch Ratings notes. “Our review underscores New Jersey's strong and resilient government, fiscal management and financial infrastructure, underpinned by low debt, a strong tax base and strong, growing tax revenues,” said Fitch Ratings' Senior Vice President of Research, John Bassett in the report. Fitch Ratings upgraded the State's rating two months ago after it reaffirmed New Jersey's AA rating on June 8. Following Fitch's downgrade, NJ.com reported that Governor Phil Murphy's fiscal plan would generate 6,821 per NJ resident, which is the same as the 2025 average. Governor Phil Murphy's Fiscal Plan — September 20, 2025 : “Our fiscal plan is not about the size of government; it is about the size of our individual.” “This plan puts New Jersey back on the right track. We must continue our effort to restore our economy, restore our credit rating and create more jobs, and that requires working with the Legislature to address long-term deficits. With the continued expansion of the high-speed rail system, it is clear, as we have said from the beginning, that the state's long-term debt must be addressed.” This plan puts New Jersey back on the right track. We must continue our effort to restore our economy, restore our credit rating and create more jobs.” New Jersey's debt has fallen to 9,072 per NJ resident, the lowest it is since 2008, Fitch Ratings notes. “In the first year of the next fiscal plan, Fiscal Year 2017-18 (FY17-18), the state will continue to incur the same amount of debt as in FY16-16, 9,072 per capita, for a total debt amount of 26,098 per capita.

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