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.

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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