News From Trenton · March 6, 2024

Republicans Respond With Skepticism to Governor’s Budget Proposal

Credit: NJ Legislature Official Photo

njspotlightnews.org


Murphy proposed a Corporate Transit Fee on big corporations with net incomes greater than $10 million to create a dedicated source of funding for New Jersey Transit, and that plan is getting a lot of attention. (senator) O’Scanlon said if that happens, “corporations are (just) going to increase prices,” adding that the state could have fixed the transit agency’s problems by reworking the overall state budget, without raising any taxes at all.

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From NJ SEED: News From Trenton - March 6, 2024.