It took a worldwide pandemic – plus $500 checks to middle-class families in an election year – to get a millionaires tax back on the books in New Jersey.
The Legislature begins its review of Gov. Phil Murphy’s budget Tuesday, with the typical four-month marathon turned into a sprint concluding in three weeks.
Gov. Phil Murphy hasn’t yet identified changes in the post-coronavirus state budget though has indicated he’d still like to increase the millionaires tax.
Gov. Phil Murphy delivers his 2021 budget Tuesday, in which he’s expected to propose tax increases to help fund record payments for pensions and school aid.
Gov. Phil Murphy made a veiled reference to seeking re-election in a State of the State that promised details on an agenda for 2020 in the weeks ahead.