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Gov. Phil Murphy is trying to entice Democratic lawmakers to approve his plan to raise rates on millionaires by pledging to spend an additional $250 million on property tax relief.
At a town-hall-style meeting in Ewing on Monday night, Murphy announced that the state has seen "somewhat more revenue" than anticipated, "which is a pleasant surprise." He did not offer any specifics but made a promise to lawmakers who have so far resisted his plan to raise taxes.
The clock is ticking down and the legislature’s July 1 deadline to approve a new state budget is approaching.
With Gov. Phil Murphy and Democratic legislative leaders still far from an agreement on a spending plan, Murphy is now offering property tax relief in exchange for support for his push to raise tax rates on millionaires, according to a report by The Record. The governor has also offered to put an additional $250 million in the budget for property tax relief, saying he thought the measure would “sweeten the pot” on the millionaires’ tax.
After coming up just a couple of votes short a month ago, the New Jersey Legislature is now on the verge of regulating the cannabis market in the Garden State. Now is the time for the majority of New Jerseyans who support legalization to contact their legislators and urge them to vote “yes” on Senate Bill 2703 and Assembly Bill 4497.
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