DOCSLIB.ORG

New Jersey Table of Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
New Jersey Table of Contents Guide to Doing Business in New Jersey Table of Contents Section 1 Section 4 Starting a New Business 3 Franchising 45 Getting Started 3 What is Franchising? 45 Elements of a Business Plan 4 Investing in a Franchise 46 Construction of a Business Plan 4 Sample Business Plan Outline 6 Section 5 Business Registration 7 Procurement Opportunities 49 Planning 8 Set-Aside and Certification Office 50 Registering a Trade Name and Certifying Agencies 51 Incorporation 9 Surety Bonds 54 Regulations and Licenses 10 U.S. Small Business Administration’s Marketing: The Pathway to Profits 10 Government Contracting Program 56 Trademarks and Copyrights 11 How to Be Paid Promptly by the State of New Jersey Patents in Brief 12 57 Reducing the Risk 13 Additional Procurement Resources 59 Forms of Business Organizations 14 Section 6 Sole Proprietorship 14 Exporting 61 Partnership 14 Export Financing 66 Corporation 16 Other Sources of Financial Assistance 67 Advantages and Disadvantages of Different Forms of Business Organizations 16 Section 7 Choosing a Location 18 Resources 69 Starting A Business Checklist 18 Regional Alliance for Small Contractors, Inc. 70 Section 2 The Procurement Technical Assistance Costs of Doing Business 21 Center at New Jersey Institute of New Jersey Sales Tax 21 Technology 72 Income Tax Withheld 21 The New Jersey Small Business Insurance 23 Development Centers 73 Employee Insurance 24 Business Management Counseling from Record Keeping 26 Service Corps of Retired Executives 77 Professional Help 26 Frequently Utilized Telephone Numbers 80 Other Employee Issues 27 Industrial Site Recovery Act- ISRA 28 Section 3 Financial Information 29 Small Business Start-up Money 29 How Much Money To Borrow 31 State Programs of Financial Assistance 32 Disclaimer: Federal Programs of Financial Assistance 37 The data in this guide was updated in September of 2010 and was current at the time of publication. This guide is not intended as an exhaustive study on starting a business. When specific questions arise contact the New Jersey Business Action Center at 866-534-7789 or log onto www.NewJerseyBusiness.gov. Section 1: Starting a New Business Getting Started Most entrepreneurs are not adequately prepared to go into business. While they have the motivation, desire and talent, many have not taken time to properly investigate and research the business they are interested in starting. Reasons to Start a Business Before starting a small business, list the reasons you want to go into business. Use a specific and The following best helps answer the question, systematic approach to build a plan from which what niche will the business fill? success can be evaluated. • Is your idea practical and will it fill a need? • What/who is your competition? Some common reasons for starting a business • What is your advantage over existing include: businesses? • Can you deliver a higher value/better quality • Want to be your own boss service? • Want financial independence • Can you create a demand for your business? • Don’t work well with others • Dislike policy and procedures The last step in the model is the pre-business • Want creative freedom checklist. Answer the following questions and • Want to fully use your skills and knowledge write down the responses before developing your plan: To determine the right business, answer the following questions: • Describe the business you are interested in starting. • What do you like to do with your time? • What services or products will you sell? • What technical skills have you learned or • Where will you locate? developed? • What skills and experience do you bring to • Will you have the support of your family the business? and/or spouse? Friends? • What will be your legal structure? • How much time do you have to run the • What name will you go by? business? • What equipment or supplies will you need? • Do you have any hobbies or interests that • How will your business records be are marketable? maintained? • What insurance coverage will be needed? • What financing will ouy need? • What are your resources? • How will you compensate yourself and your staff? 3 For more information visit www.NewJerseyBusiness.gov Starting a New Business Do I Have What It Takes to Own/Manage a Define the Business Plan Small Business? It may seem silly to ask, “What business am I Future business owners will be the most really in?” But some owners/managers have important employers, so an objective appraisal gone broke because they never answered the of strengths and weaknesses is essential. Some question. questions to ask yourself are: The following sample business plan outline • Am I a self-starter? may be of assistance in creating the company’s • How well do I get along with a variety of business plan. personalities? • How good am I at making decisions? A Business Plan is: • Do I have the physical and emotional stamina to run a business? • The management and financial “blueprint” • How well do I plan and organize? for a business start-up and profitable • Are my attitudes and drive strong enough operation. to maintain motivation? • Written by the business owner with outside • How will the business affect my family? help, as needed. • The explanation of how the business will function and depicts its operational Elements of a Business Plan characteristics. • A detailed view of how the business will be What is a Business Plan and Why Do I Need capitalized and managed. One? A business plan precisely defines the business, identifies goals and serves as the firm’s résumé. The basic components include a current and pro forma balance sheet, an income statement and a cash flow analysis. It helps allocate resources properly, handles unforeseen complications and helps businesspeople make the right decisions. Because the business plan provides specific and organized information about the company and how it will repay borrowed money, a good business plan is a crucial part of any loan Construction of a Business Plan package. Additionally, the plan can tell sales 1. Business Description personnel, suppliers and others about the Includes your business name, address and company’s operations and goals. owner identification and identifies goals and objectives. Further, the description clarifies why the business person wants to be in business. 4 Starting a Business 2. Products and Services Describe what the company is selling and why. Explain, in detail, what products and services will be offered. 3. Sales and Marketing Sales and marketing are the core of business rationale. A business plan should address several basic questions: Whether your company is young or established, • Who and how large is your market? the business plan should include: • How will the business be competitive? • Income statement and balance sheet for • What pricing and sales terms are the last two years planned? • Projected income statement and balance • How will the business market its products sheet for the next two years and services? • Projected monthly cash flow statement for 12 months 4. Oper ating Requirements The plan should identify and describe the The plan should include an explanation of equipment, facilities and people necessary all projections. If you feel your finance or to generate products and services. How accounting knowledge is not sufficient to will the products and services be produced prepare these statements you should seek and made available to the customer? professional assistance. The bottom line is: will, or does, the company make a profit? 5. Financial Management This is the most critical part of any business 6. Concluding Narrative plan. Businesspeople will establish vital This segment of the plan should summarize schedules that will guide the financial business goals and objectives and send a health of the business. For a new business, message that owners are committed to the the plans should include: success of the business. • Projected “start-up costs” Put Your Best Foot Forward • Expected profit or return on investment (ROI) for the first year The business plan should be complete, clear, • Projected income statement and balance neat and accurate. It will be an extension of sheet for two years you and your business. • Projected monthly cash flow statement for 12 months The length of a good plan will vary from a few pages to a hundred or more. The plan should provide a sound “blueprint” for the business and entice any reader to want to know more. 5 For more information visit www.NewJerseyBusiness.gov Starting a Business Sample Business Plan Outline The market analysis should highlight the opportunities for the company to achieve its I. Cover Letter goals by asking: Include items below for loan applications • To whom are you trying to sell? A. Dollar amount requested • What are the trends in your target B. Terms and timing market? C. Type and price of securities • Who are your customers and what are their product/service preferences and II. Cover Letter reasons for purchasing? A. Dollar amount requested 1. Name IV. Products or Services 2. Location and plant description A. Description of product line 3. Product B. Patents, copyrights, legal and technical 4. Market and competition considerations 5. Management expertise C. Comparison to competitor’s products B. Business Goals D. Opportunities or plans for expanding or C. Summary of financial needs and redesigning product or service lines application of funds E. Project changes in sales mix cost and D. Earnings projections and potential profit return to investors E. “Exit” Strategy—describe to potential This section should fully describe each investor(s) exactly how they will be product or service including any brand names repaid for their investment. Repayment and unique features. Analyze competitive may come from refinancing or selling advantages and disadvantages of each. The stock to others. company’s customers may be the final users or may resell to someone else.
Load more

Recommended publications
  • Annual Rept3/14
    2001 Comprehensive Annual Financial Report For the Year Ended December 31, 2001 INTRODUCTORY SECTION 2 In Memoriam 4Mission Statement 5 Letter of Transmittal to the Governors 6 Board of Commissioners 8Organization Chart/Officers and Directors 9 Letter from the Executive Director 10 2001 Overview 20 Letter of Transmittal T ABLE OF CONTENTS 1 FINANCIAL SECTION STATISTICAL SECTION 29 Report of Independent Auditors 63 Port Authority Facility Traffic General Purpose Financial Statements 64 The New York-New Jersey Metropolitan Region 30 Combined Statements of Income 65 Port Authority Facilities and Services 31 Combined Statements of Financial Position 32 Combined Statements of Cash Flows 34 Notes to Combined Financial Statements 58 Schedule A – Revenues and Reserves (Pursuant to Port Authority bond resolutions) 59 Schedule B – Assets and Liabilities (Pursuant to Port Authority bond resolutions) 60 Schedule C – Analysis of Reserve Funds (Pursuant to Port Authority bond resolutions) 61 Schedule D – Selected Statistical Financial Data 62 Schedule E – Information on Port Authority Operations JOSEPH AMATUCCIO MAURICE V. MARGARET L. BARRY BENSON CLINTON FRANK A. DAVIS DE MARTINI We have seen the state of our Union in the endurance of rescuers, working past exhaustion. We have seen the unfurling of flags, the lighting THOMAS E. JOSEPH F. of candles, the giving of blood, the saying of GORMAN GRILLO “prayers – in English, Hebrew, and Arabic. We have seen the decency of a loving and giving people who have made the grief of strangers 2 MARY S. PAUL W. JONES JURGENS 3 their own.... ...We'll go back to our lives and routines, and that JOHN D.
    [Show full text]
  • Cooperbaschdissertation.Pdf
    THE EVOLUTION OF VICTORIA FOUNDATION FROM 1924 TO 2003 WITH A SPECIAL FOCUS ON THE NEWARK YEARS FROM 1964 TO 2003 by IRENE COOPER-BASCH A Dissertation submitted to the Graduate School-Newark Rutgers, The State University of New Jersey & New Jersey Institute of Technology in partial fulfillment of the requirements for the degree of Doctor of Philosophy Joint Graduate Program in Urban Systems-Education Policy Written under the direction of Dr. Alan R. Sadovnik, Rutgers University Chair and approved by _____________________________________________ Dr. Alan R. Sadovnik, Rutgers University _____________________________________________ Dr. Gabrielle Esperdy, New Jersey Institute of Technology _____________________________________________ Dr. Clement A. Price, Rutgers University _____________________________________________ Dr. Christopher J. Daggett, Geraldine R. Dodge Foundation, Morristown, NJ Newark, New Jersey May, 2014 © 2014 Irene Cooper-Basch ALL RIGHTS RESERVED ABSTRACT OF THE DISSERTATION The Evolution of Victoria Foundation From 1924 to 2003 With a Special Focus on the Newark Years From 1964 to 2003 By IRENE COOPER-BASCH Dissertation Director: Professor Alan Sadovnik This dissertation examines the history of Victoria Foundation from its inception in 1924 through 2003, with a special emphasis on its place-based urban grantmaking in Newark, New Jersey from 1964 through 2003. Insights into Victoria’s role and impact in Newark, particularly those connected to its extensive preK-12 education grantmaking, were gleaned through an analyses of the evolution of Newark, the history of education in Newark, and the history of foundations in America. Several themes emerged from the research, an examination of the archives, and 28 oral history interviews including: charity vs. philanthropy, risk-taking, scattershot grantmaking, self-reflection, issues of race, and evaluation.
    [Show full text]
  • Reiss Testimony
    TESTIMONY OF ALAN REISS BEFORE THE NATIONAL COMMISSION ON TERRORIST ATTACKS UPON THE UNITED STATES May 18, 2004 Thank you Chairman Kean, Vice Chairman Hamilton and distinguished members of the Commission for the opportunity to testify before you today. My name is Alan Reiss and I am currently the Deputy Director of Aviation at The Port Authority of New York and New Jersey. Prior to assuming my current position, I was the Director of the agency’s World Trade Department, which operated the World Trade Center. Mr. Chairman, I know that you are familiar with the Port Authority, but for the benefit of the other members of the Commission, The Port Authority of New York and New Jersey operates many of the busiest and most important transportation links in the New York- New Jersey region. Most important to the Commission’s work, the Port Authority built and operated the World Trade Center and continues to own the 16-acre World Trade Center site in Lower Manhattan. September 11th was without a doubt the worst day in the long history of The Port Authority of New York & New Jersey and one of the worst in the history of the United States. This was a profound personal loss for us at the Port Authority. The World Trade Center was our headquarters and 84 members of the Port Authority family died that day; 16 of them civilian building management staff who reported to me and responded to their emergency posts that day. We grieve their loss, and our hearts continue to go out to their families, and to the families of all the victims who died that day.
    [Show full text]
  • Joseph Patella, Esq. ANDREWS KURTH LLP 450 Lexington Avenue, 15Th Floor, New York, New York 10017 Tel: 609.716.6500 Fax: 609.799.7000
    Joseph Patella, Esq. ANDREWS KURTH LLP 450 Lexington Avenue, 15th Floor, New York, New York 10017 Tel: 609.716.6500 Fax: 609.799.7000 Thomas E. Starnes, Esq. Charles M. Crout, Esq. ANDREWS KURTH LLP 1350 I Street NW Suite 1100 Washington, DC 20005 Tel: 202.662.2700 Fax: 202.662.2739 NEW JERSEY DEPARTMENT OF ENVIRONMENTAL PROTECTION, THE COMMISSIONER OF THE NEW JERSEY ENVIRONMENTAL PROTECTION AGENCY, and THE ADMINISTRATOR OF THE NEW JERSEY SPILL COMPENSATION FUND, Plaintiffs, vs. SUPERIOR COURT OF NEW JERSEY OCCIDENTAL CHEMICAL CORPORATION, TIERRA SOLUTIONS, INC., MAXUS ENERGY LAW DIVISION - ESSEX COUNTY CORPORATION, REPSOL YPF, S.A, YPF, S.A, DOCKET NO. L-009868-05 YPF HOLDINGS, INC. and CLH HOLDINGS, Defendants, MAXUS ENERGY CORPORATION and TIERRA SOLUTIONS, INC., Third-Party Plaintiffs, vs. 3M COMPANY, AC.C., INC., ACH FOOD COMPANIES, INC., ACTIVE OIL SERVICE, ADCO CHEMICAL COMPANY, AGC CHEMICALS AMERICAS, INC., WAS:144301.l ALDEN-LEEDS, INC., ALLIANCE CHEMICAL, INC., ALUM AX MILL PRODUCTS, INC., AMCOL REALTY CO., AMERICAN INKS AND COATINGS CORPORATION, APEXICAL, INC., APOLAN INTERNATIONAL, INC., ARKEMA, INC., ASHLAND INC., ASHLAND INTERNATIONAL HOLDINGS, INC., ASSOCIATED AUTO BODY & TRUCKS, INC., ATLAS REFINERY, INC., AUTOMATIC ELECTRO-PLATING CORP., AKZO NOBEL COATINGS, INC., BASF CATALYSTS LLC, BASF CONSTRUCTION CHEMICALS INC., BASF CORPORATION, BAYER CORPORATION, BEAZER EAST, INC., BELLEVILLE INDUSTRIAL CENTER, BENJAMIN MOORE & COMPANY, BEROL CORPORATION, B-LINE TRUCKING, INC., BORDEN & REMINGTON CORP., C.S. OSBORNE & CO., CAMPBELL
    [Show full text]
  • Procurement Department Attn: Bid/Proposal Custodian
    PROCUREMENT DEPARTMENT ATTN: BID/PROPOSAL CUSTODIAN 2 MONTGOMERY STREET 3RD FLOOR JERSEY CITY, NJ 07302 REQUEST FOR PROPOSALS (RFP) TITLE: DEVELOPMENT & MAINTENANCE OF AN AVIATION FACILITIES MAPPING SYSTEM (FMS) NUMBER: 29362 RESPONSE DUE DATE: Monday March 11, 2013 TIME: 2:00 PM QUESTION DUE DATE: Wednesday February 20, 2013 TIME: 3:00 PM BUYERS NAMES: ISABEL AMADO PHONE#: (201) 395‐3435 EMAIL: [email protected] STACEY WILLNER PHONE#: (201) 395‐3343 EMAIL: [email protected] SUBJECT: REQUEST FOR PROPOSALS FOR PERFORMANCE OF EXPERT PROFESSIONAL SERVICES - DEVELOPMENT AND MAINTENANCE OF AN AVIATION FACILITIES MAPPING SYSTEM (RFP #29362) The Port Authority of New York and New Jersey (hereinafter referred to as the “Authority”) is seeking Proposals in response to this Request for Proposals (RFP) for performance of expert professional services as required to design, develop, and maintain a Facilities Mapping System (FMS) comprised of subsurface utility and surface assets for John F. Kennedy International Airport (JFK), LaGuardia Airport (LGA), Newark Liberty International Airport (EWR), Stewart International Airport (SWF), and Teterboro Airport (TEB), and to include ongoing source document data entry. Work shall also include tasks related to the migration of the existing Utility Management System (UMS), as more fully described herein, to the FMS as well as ongoing field services and UMS document data entry until cutover to the FMS. The selected Proposer shall enter into an agreement with the Authority for two (2) years, with two (2), one (1) year renewal options, at the Authority’s discretion. The scope of the tasks to be performed by the Consultant are set forth in Attachment A (including Appendices thereto) to the Authority’s Standard Agreement (the “Agreement”), included herewith.
    [Show full text]
  • Major Projects ($ in Millions )
    NY Works: Overview of the Preliminary Port Authority 10-Year Capital Plan and Current Reform Initiatives June 2012 Backdrop . The Great Recession and unacceptable levels of unemployment in the region . New York Building Congress 1st Qtr Report on Construction Employment states that employment in the NYC construction industry fell to its lowest level since 1999 . Construction employment was down 3% from the 1st Qtr of 2011 in NYC . Billions of dollars of infrastructure investment required in the State and region . Port Authority doesn’t itself have resources to make all required investment so private capital must be explored and priorities selected . Port Authority a solid credit but is significantly more leveraged than 10 years ago. Ratings: S&P: AA- (Stable), Moody’s: Aa2 (Negative), Fitch: AA- (Stable) . Tolls have increased significantly in excess of CPI and growth in Median Family Income over last 10 years . Burden on Stated Island commuters . Direction from Governor Cuomo to Reform, Rationalize, and Repair . State Level Reform: Design/Build (December 2011); TIF Reform (April 2012); NY Works (April 2012) 2 Backdrop: Toll and Fare Growth in Excess of CPI Tolls & fares have reached a ceiling in this low-growth economic environment Tolls & fares have grown at a rate in excess of CPI and Median Household Income PANYNJ Tolls vs. CPI PANYNJ Annual Tolls as % of Median $14 Household Income $12 4.0% $10 3.5% $8 3.0% $6 2.5% $4 2.0% $2 1.5% $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 1.0% 0.5% Cash Toll 0.0% E-ZPass Peak Toll [Roundtrip] 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2001 EZ Pass Toll escalated with CPI PA toll increases during the past decade have Tolls for PA daily commuters have increased by 50% outpaced inflation significantly as a percentage of median household income 3 Backdrop: High Debt Load .
    [Show full text]
  • Procurement Department 4 World Trade Center, 21St Fl. 150 Greenwich Street New York, Ny 10007
    PROCUREMENT DEPARTMENT 4 WORLD TRADE CENTER, 21ST FL. 150 GREENWICH STREET NEW YORK, NY 10007 INVITATION FOR BID/PUBLIC BID OPENING BID INFORMATION TITLE: MOVING SERVICES ON A WORK ORDER BASIS FOR VARIOUS PORT AUTHORITY FACILITIES IN NEW YORK AND NEW JERSEY BID NO.: 53782 SUBMIT SEALED BIDS BEFORE THE DUE DATE AND TIME TO THE ABOVE ADDRESS WHERE THEY WILL BE PUBLICLY OPENED AND READ FACILITY INSPECTION: JULY 12, 2018 TIME: 1:00 P.M. BID DUE DATE: JULY 17, 2018 TIME: 11:00 A.M. BUYER NAME: LUZ SANTANA PHONE NO.: 212-435-4625 FAX NO.: 212-435-4691 EMAIL: [email protected] BIDDER INFORMATION (TO BE COMPLETED BY THE BIDDER) (PLEASE PRINT) ________________________________________________________________________________________________________ (BIDDING ENTITY’S LEGAL BUSINESS NAME) ________________________________________________________________________ (ADDRESS) ________________________________________________________________________ (CITY, STATE AND ZIP CODE) ________________________________________________________________________ (REPRESENTATIVE TO CONTACT - NAME & TITLE) (TELEPHONE) _________________________________________________________________________ (FEDERAL TAX I.D. NO.) (FAX NO.) _____ BUSINESS CORPORATION _______PARTNERSHIP ______INDIVIDUAL _____ OTHER (SPECIFY): __________________________________________________ Rev. 12/12/2017 INVITATION FOR BID o COVER PAGE: BID AND BIDDER INFORMATION o PART I – STANDARD INFORMATION FOR BIDDERS o PART II – CONTRACT SPECIFIC INFORMATION FOR BIDDERS o PART III – CONTRACT SPECIFIC TERMS AND CONDITIONS o PART IV – SIGNATURE SHEET, NAME AND RESIDENCE OF PRINCIPALS AND PRICING SHEET(S) o PART V – SPECIFICATIONS o STANDARD CONTRACT TERMS AND CONDITIONS TABLE OF CONTENTS PART I - 1 PART I – STANDARD INFORMATION FOR BIDDERS Rev. 12/21/17 (PA) PART I - STANDARD INFORMATION FOR BIDDERS, TABLE OF CONTENTS 1. General Information: The Port Authority of New York and New Jersey ............... 3 2. Form and Submission of Bid .................................................................................
    [Show full text]
  • A Port Authority That Works
    A Port Authority That Works March 2014 Mitchell L. Moss Hugh O’Neill Mitchell L. Moss is Director of the Rudin Center for Transportation Policy and Management at New York University, and Henry Hart Rice Professor of Urban Planning at NYU’s Wagner School of Public Service. Hugh O’Neill is President of Appleseed, an economic development consulting firm based in New York City. From 1985 to 1991, he was Assistant Executive Director of the Port Authority of New York and New Jersey. This report and additional information on the Rudin Center, are available at www.NYURudinCenter.com A Port Authority That Works 3 Executive Summary The Port Authority of New York and New Airport) for two important purposes: Jersey has been a vital force in the physical and economic growth of the New York-New • To help meet the capital and operating Jersey region. During the past few years, needs of Port Authority facilities that don’t however, public attention has focused on the generate sufficient revenue to cover their Port Authority’s spending, management, and own costs; political interference in the agency’s operations. In recent weeks, several sources have called for • To allow the Port Authority to invest in reform, restructuring, or even abolition of the new facilities that over time will help to Port Authority. grow both its own revenues and the region’s economy. However, the critical problem facing the Port Authority today is not mismanagement, While this basic framework remains in place political abuse, or rivalry between New York today, the ways in which it is used have evolved and New Jersey.
    [Show full text]
  • 2015 Budget MISSION STATEMENT
    December 10, 2014 Corrected as of January 22, 2015 2015 Budget MISSION STATEMENT MEET THE CRITICAL TRANSPORTATION INFRASTRUCTURE NEEDS OF THE BI-STATE REGION'S PEOPLE, BUSINESSES, AND VISITORS BY PROVIDING THE HIGHEST QUALITY AND MOST EFFICIENT TRANSPORTATION AND PORT COMMERCE FACILITIES AND SERVICES TO MOVE PEOPLE AND GOODS WITHIN THE REGION, PROVIDE ACCESS TO THE NATION AND THE WORLD AND PROMOTE THE REGION’S ECONOMIC DEVELOPMENT. Port Authority of New York and New Jersey Facilities NEW YORK STATE THRUWAY NEW STATE YORK Y A Poughkeepsie W U ULSTER R H T NEW YORK E T A T S K DUTCHESS R O Y W E WESTCHESTER N 84 Beacon Newburgh STEWART INTERNATIONAL AIRPORT 87 ORANGE PUTNAM ROCKLAND West Point NYNJ RAIL GREENVILLE YARD NYNJ RAIL 51ST STREET YARD NYNJ RAIL 65th STREET YARD ATLANTIC CITY EXPRESSWAY A TL ATLANTIC AN T ATLANTIC CITY IC C AIRPORT I T Y E X Galloway P R ESSW AY Absecon Egg Harbor AY Township W K R A P E AT T S ATLANTIC CITY N E D GARDENR STATE PARKWAY A ATLANTIC G OCEAN Legend: Aviation Development Port Authority Trans-Hudson Port Commerce Tunnels, Bridges & Terminals TABLE OF CONTENTS Section Page Government Finance Officers Association Award ……………………………………………………………… 2 Message from the Chairman and the Executive Director …………………………………………………… 3 2015 Budget Summary ……………………………………………………………………………………………………… 5 2015 Line Department Budget Summary …………………………………………………………………………… 17 Aviation 19 Tunnels, Bridges and Terminals 25 Port Authority Trans Hudson 31 Port Commerce 37 Development 43 World Trade Center 47 2015 Budget Schedules ……………………………………………………………………………………………………… 51 Reader's Guide 53 Summary of 2015 Budget - Sources & Uses 54 2015 Budget* 57 Sources 58 Uses 62 Budget Support Schedules 68 Outstanding Obligations and Financing 74 Staffing 76 Activity Highlights 78 2015 Capital Budget Summary …………………………………………………………………………………………… 81 By Department 83 By Department, Facility, & Program 84 Appendices ……………………………………………………………………………………………………………………….
    [Show full text]
  • Hearing Unit Cover and Text
    Committee Meeting of SENATE LEGISLATIVE OVERSIGHT COMMITTEE “The Committee will meet to continue its hearings on proposed Port Authority of New York and New Jersey reform legislation and the Port Authority’s revision of its 10-year capital plan” “The Committee will hear testimony from John Degnan, Chairman of the Port Authority Board of Commissioners, and Elizabeth McCarthy, Chief Financial Officer of the Port Authority” LOCATION: Committee Room 4 DATE: October 28, 2015 State House Annex 10:00 a.m. Trenton, New Jersey MEMBERS OF COMMITTEE PRESENT: Senator Robert M. Gordon, Chair Senator Loretta Weinberg, Vice Chair Senator M. Teresa Ruiz Senator Paul A. Sarlo Senator Thomas Kean Jr. ALSO PRESENT: Patrick Brennan Mark Magyar Frank Dominguez Michael R. Molimock Senate Majority Senate Republican Office of Legislative Services Committee Aide Committee Aide Committee Aides Hearing Recorded and Transcribed by The Office of Legislative Services, Public Information Office, Hearing Unit, State House Annex, PO 068, Trenton, New Jersey TABLE OF CONTENTS Page John J. Degnan Chairman Board of Commissioners The Port Authority of New York and New Jersey 6 Elizabeth M. McCarthy Chief Financial Officer Office of the Chief Financial Officer Office of the Executive Director The Port Authority of New York and New Jersey 14 APPENDIX: The Port Authority of New York and New Jersey 2014 Annual Report A Clear Path Forward submitted by John J. Degnan 1x The Port Authority of New York and New Jersey Capital Projects Timeline submitted by Elizabeth M. McCarthy 120x pnf: 1-66 SENATOR ROBERT M. GORDON (Chair): Good morning, everyone, and welcome to the Senate Legislative Oversight Committee.
    [Show full text]
  • Special Panel on the Future of the Port Authority
    New debt KEEPING THE REGION MOVING The Port Authority of New York and New Jersey A report prepared by The Special Panel on the Future of the Port Authority for The Governors of New York and New Jersey December 26, 2014 i Special Panel on the Future of the Port Authority The Port Authority of NY & NJ: Keeping the Region Moving Special Panel on the Future of the Port Authority John J. Degnan Scott H. Rechler Chairman of the Port Authority of Vice Chairman of the Port Authority of New York and New Jersey New York and New Jersey Richard H. Bagger Mylan L. Denerstein* Commissioner of the Port Authority of Counsel to the Governor of New York New York and New Jersey xxxxxxxxx Christopher S. Porrino Seth H. Agata Chief Counsel to the Governor of New Jersey Acting Counsel to the Governor of New York ∗ Served from May to September 2014. Special Panel on the Future of the Port Authority The Port Authority of NY & NJ: Keeping the Region Moving Table of Contents 1. Executive Summary ............................................................................................................................................1 1.1. Background .................................................................................................................................................1 1.2. Recommendations ......................................................................................................................................3 A. Governance and Accountability .................................................................................................................3
    [Show full text]
  • Preliminary 2012 Budget Summary…………………………………………………………..… 13
    Prelimina ry 2012 Budget December 8, 2011 MISSION To identify and meet the critical transportation infrastructure needs of the bistate region’s businesses, residents, and visitors: providing the highest quality, most efficient transportation and port commerce facilities and services that move people and goods within the region, providing access to the rest of the nation and to the world, while strengthening the economic competitiveness of the New York-New Jersey Metropolitan Region. TABLE OF CONTENTS Government Finance Officers Association Award………………………………………..……. 2 Message from the Chairman and Executive Director……………………..……………………. 3 The Port Authority in a Post-Recession Environment……...………………………………..…. 7 Preliminary 2012 Budget Summary…………………………………………………………..… 13 Preliminary 2012 Budget Summary by Line Department………………………………..……. 25 a. Aviation…………………………………………………………………………… 27 b. Tunnels, Bridges and Terminals…………………………………………….… 32 c. PATH…………………………………………………………………………….. 37 d. Port Commerce………………………..………………………………………… 41 e. Real Estate and Development…………………………………………………. 45 f. World Trade Center……………………………………………………………… 47 Preliminary 2012 Budget Schedules.…………………………………………..………………...51 a. Summary of Preliminary 2012 Budget………………………………………… 53 b. Sources…………………………………………………………………………… 56 c. Uses…………………………………………………………………………………60 d. Changes in Retained Earnings, Consolidated Statement of Net Assets, Information on P.A. Operations by Facility, Revenues and Reserves, and Assets & Liabilities………………………………………………………… 67 e. Outstanding Obligations
    [Show full text]