New Jersey lawmakers have approved a record-setting $56.6 billion budget for fiscal year 2025. Governor Phil Murphy signed the budget just before midnight on Friday. The budget includes a tax hike on high-earning corporations, specifically targeting companies making over $10 million. The additional revenue will help fund the state's transit agency and various state services and programs, including education. This budget levies the highest corporate tax rate in the nation.
New Jersey lawmakers are set to approve a tax hike on the largest companies doing business in the state, levying the highest corporate tax rate in the nation to help fund its cash-strapped public transportation system. https://t.co/ItS7kRkTLM
Record-setting New Jersey budget raises taxes on corporations to help transit system https://t.co/h1ABOS1NyM
New Jersey Democratic Gov. Phil Murphy signed a $56.6 billion budget that hikes taxes on high-earning corporations. https://t.co/6VFjch3nYn
New Jersey governor signs budget boosting taxes on companies making over $10 million https://t.co/NybrPvHSew https://t.co/GsbGiJlYPf
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 agency while spending billions on education and other programs. https://t.co/vZVQPnDGmx
New Jersey has a new spending plan in place. It’s the largest budget ever approved, and Gov. Phil Murphy says there’s a good reason. https://t.co/5mctOorgUw
NJ governor to sign tax hike for transit as part of budget deal https://t.co/qcJfYs95ss
New Jersey lawmakers are poised to send a $56.6 billion fiscal year 2025 budget to Gov. Murphy, hiking taxes on high-earning businesses and funding for many state services and programs. https://t.co/YD57BpbLp2