Democrats Strike Deal on NJ Millionaires Tax, Middle Class Rebate
For Murphy, the agreement fulfills a core campaign promise of raising taxes on the wealthy and also sets up a tax rebate to go out next year in the midst of his reelection campaign.
Taxes
Treasury doesn't share Legislature's optimism on NJ tax revenues
The Office of Legislative Services forecasts a drop in revenues but projects it to be $1.37 billion higher than the Murphy administration does.
Fighting Murphy's taxes, biz groups say economy 'horrible'
Business groups are hammering Gov. Phil Murphy’s budget plan over its more than $1 billion in tax hikes, two-thirds affecting the wealthy and corporations.
Email only for public to comment on 2021 state budget
The Legislature begins its review of Gov. Phil Murphy’s budget Tuesday, with the typical four-month marathon turned into a sprint concluding in three weeks.
Double Whammy? Stations Worry Over Gas and Cigarette Tax Hikes
New Jersey's gas tax increases 9.3 cents a gallon on October 1. Gov. Phil Murphy has also proposed raising cigarette taxes $1.65 a pack starting a month after that.
Legislature not ruling out Murphy's proposed $1B in tax hikes
The deadline to enact a balanced spending plan is in five weeks, suggesting a period of intense negotiations and hearings are on Trenton's horizon.
NJ business leaders say taxing millionaires will cost rest of us
They’re calling on Gov. Murphy to cut spending and institute real reforms to produce a balanced state spending plan that’s been severely impacted by the COVID pandemic.
NJ pandemic budget: Taxes on limos, yachts, cigarettes, rich
Gov. Phil Murphy proposes to borrow $4 billion and raise taxes by $1 billion to balance New Jersey’s revamped 2021 budget.
Upgrade (and Audit) of NJ’s Unemployment System May Be Coming
“The Department of Labor has failed so many of the communities throughout the state of New Jersey. There needs to be more transparency and a review of the department,” said Sen. Mike Testa, R-Cumberland.
Hand Sanitizer Won't Cut It: NJ Distilleries Ask Congress For Aid
Trade associations representing more than 25 distillers in New Jersey have sent a letter urging Congress to provide additional economic relief during the pandemic.