taxes

The report, which evaluates funding fairness and effectiveness under the state's School Funding Reform Act, suggests New Jersey was spending less aggregate personal income on K-12 education in 2018 than it was prior to the Great Recession.

TRENTON — Gov. Phil Murphy paid about $1 million in state and federal taxes in 2019 on roughly $2.7 million in income, according to a summary of his tax returns released by his office.
Murphy worked as an executive at Goldman Sachs before he served as Barack Obama's ambassador to Germany and made the…

A bill being introduced in Trenton this week by Republican lawmaker would put an end to the taxation of masks in New Jersey.

Voters will decide whether to expand the $250 veterans’ property tax deduction by making veterans eligible even if they didn’t serve during a time of war.

The Tax Foundation's annual report ranks New Jersey in the bottom 10 in four of the five categories it examines. The state has been 50th overall since 2015.

Because the unemployment fund is drained, payroll taxes are due to jump significantly next July. A bill seeks to limit, though not block, the increase.

Garden State drivers will simply revert to what they were paying about a month ago, which is still much lower than this time last year.

State lawmakers approved a $32.7 billion, nine-month spending plan and more than $700 million in higher taxes Thursday

The state plans to borrow $4.5 billion to balance its budget and boost its surplus to $2.5 billion. Spending is higher than Gov. Phil Murphy had pitched.

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