“Tax relief is a critical component of a stronger and fairer New Jersey,” Gov. Phil Murphy said.
Murphy said the state’s priorities as laid out in the budget are to “build a New Jersey that emerges from the pandemic healthier and more resilient, both physically and economically. A stronger and fairer New Jersey not just for today, but for the generations to come.”
The tax news comes as the number of COVID-19 related deaths in a single day was over 100 for the second day in a row.
University Hospital nurse Maritza Beniquez celebrated her birthday by being the first COVID-19 vaccine recipient in New Jersey on Dec. 15.
Republican state lawmakers believe the $32.7 billion budget signed by Democratic Gov. Phil Murphy will only further stress taxpayers in New Jersey.
“We crafted this budget as we fought this pandemic together,” said Murphy at a signing ceremony in Trenton Sept. 29. “This is the ultimate walk-and-chew-gum moment, and we rose to meet it.”
“All-in-all, I am proud of the budget that we have agreed upon,” said Murphy. “This budget lives up to our most-important objective: preparing our state for a stronger, fairer, more resilient future.”
New Jersey added five states to its COVID-19 travel advisory
Senate Republican Budget Officer Steven Oroho (R-24) called it “a bad economic move that will only dig the Garden State into a deeper financial hole over the long run.”
Democratic lawmakers introduced a $32.7 billion, nine-month state budget proposal that increases taxes on millionaires and corporations, boosts the state’s surplus to more than $2.5 billion and calls for $4.5 billion in borrowing to help close a revenue shortfall.
Gov. Phil Murphy reached agreement with Democratic legislator leaders to finance a middle class tax rebate by raising the rates on millionaires
Gov. Phil Murphy reached agreement with Democratic legislator leaders to finance a middle class tax cut by raising the rates on millionaires.
Gov. Phil Murphy signed into law four measures that lawmakers believe will improve long-term care facilities that were at the heart of the coronavirus pandemic
New Jersey education officials have sent 389 reopening plans back to school districts for revisions while 251 have been deemed complete and given approval