taxes

Murphy cast the tax changes as necessary, given falling revenues because of the coronavirus pandemic's effect on the state's economy.

The Office of Legislative Services forecasts a drop in revenues but projects it to be $1.37 billion higher than the Murphy administration does.

Business groups are hammering Gov. Phil Murphy’s budget plan over its more than $1 billion in tax hikes, two-thirds affecting the wealthy and corporations.

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.

The gas tax increases 9.3 cents a gallon on Oct. 1. Gov. Phil Murphy has proposed raising cigarette taxes $1.65 a pack starting a month after that.

The deadline to enact a balanced spending plan is in five weeks, suggesting a period of intense negotiations and hearings are on Trenton's horizon.

They’re calling on Gov. Murphy to cut spending and institute real reforms to produce a balanced state spending plan that’s been severely impacted by the COVID pandemic.

Gov. Phil Murphy proposes to borrow $4 billion and raise taxes by $1 billion to balance New Jersey’s revamped 2021 budget.

Senate panel votes to audit the unemployment division and spend $50M in federal aid for tech upgrades. It also wants to delay a hike in unemployment taxes.

New Jersey's more than 25 distillers are asking Congress for additional economic relief amid COVID-19.