TRENTON, NJ - It appears that lawmakers have reached a budget agreement avoiding a government shutdown
The deal, after weeks of acrimony includes the following:
- 10.75% on a $5 million income threshold millionaire’s tax; a “mega millionaire’s” tax.
- 2.5% hike on the state’s corporate business tax (CBT) for a four year-period.
- The sales tax is dead.
Everyone is taking credit. The three Democratic leaders will appear together shortly here at 225 West State Street, the Governor’s makeshift headquarters.
Governor Phil Murphy – Public Schedule
Saturday, June 30, 2018
When: 7:30 p.m.
What: Governor Murphy, Lieutenant Governor Oliver, Senate President Sweeney, and Speaker Coughlin to Make an Announcement
Where: 225 West State Street, First Floor Media Room, Trenton, NJ
Press: Open, availability