Murphy signs record N.J. budget with tax hike, property tax …
WEBJun 28, 2024 · It’s bolstered by a new tax hike on large companies, includes some new funding for property-tax relief, and features big money for public schools and pensions.
Gov. Murphy signs record-setting $56.6B state budget • New Jersey …
WEBJun 28, 2024 · The budget reverses some cuts Murphy suggested in February — it restores $20 million in operating aid to New Jersey’s community colleges that Murphy had proposed cutting — but makes new own cuts elsewhere. The state would provide $7.5 million less for grid modernization under legislators’ proposal than under Murphy’s, for example.
New Jersey lawmakers advance $56.6 billion budget, hiking taxes …
WEBJun 27, 2024 · TRENTON, N.J. (AP) — New Jersey lawmakers unveiled and advanced on Wednesday a $56.6 billion budget, up 4.2% over the current year’s spending plan, hiking taxes on high-earning businesses and allocating …
New Jersey Governor Signs Budget Boosting Taxes on …
WEBJun 29, 2024 · TRENTON, N.J. (AP) — New Jersey Democratic Gov. Phil Murphy signed a $56.6 billion budget moments before midnight Friday, hiking taxes on high-earning corporations to help the state's transit...
Tax hike speeds ahead in late-night vote on record N.J. budget
WEBJun 27, 2024 · A 2.5% surtax — known as a “corporate transit fee” — on the 600 companies in New Jersey that make at least $10 million. It is slated to provide money to NJ Transit, the state’s bus and ...
New Jersey governor signs budget boosting taxes on companies …
WEBTRENTON, N.J. (AP) — New Jersey Democratic Gov. Phil Murphy signed a $56.6 billion budget moments before midnight Friday, hiking taxes on high-earning corporations to help the state's transit ...
New Jersey passes budget that boosts taxes on companies …
WEBFor businesses making over $10 million a year, the budget carries a tax increase, hiking the top corporate rate to 11.5% for those firms, up from 9%. Murphy, also a Democrat, proposed what he ...
New Jersey’s proposed $56.6 billion budget: What to know - NBC New …
WEBJun 27, 2024 · New Jersey lawmakers are poised to send a $56.6 billion fiscal year 2025 budget to Democratic Gov. Phil Murphy this week, hiking taxes on high-earning businesses and funding for many state...
NJ governor signs tax hike for transit in new budget - POLITICO
WEBUpdated: 06/29/2024 08:38 AM EDT. TRENTON, New Jersey — New Jersey Gov. Phil Murphy late Friday signed a $56.6 billion spending plan and a tax hike on the state’s largest corporations to fund ...
What’s in, what’s out of NJ budget? | NJ Spotlight News
WEBJun 28, 2024 · Revenue from tax hikes: To push total annual spending up to $56.6 billion, the new budget counts on raising more than $1 billion by hiking taxes. These include a new tax on the most profitable corporations and a 1% hike of the existing fee on HMO (health maintenance organization) premiums.
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