The budget battle is Trenton is heating up as Governor Phil Murphy is threatening to shut down the government if the legislature doesn’t give him all the tax increases he wants. Democrats and Republicans in the legislature are talking to each other in preparation of a possible override of Murphy’s threatened veto. Former Governor Chris Christie is in the mix!
The Trenton budget circus is wilder than it has been since..well since last June when the government shut down while Christie went to the beach.
Don’t count on placing a bet on the NBA Finals or the Yankees/Mets subway series games this weekend at Monmouth Park. Governor Phil Murphy has not signed the bill regulating sports betting that passed the legislature unanimously yesterday and the New Jersey Racing Commission, which Murphy controls, warned the state’s three tracks not to take bets before he does, according to a NJ.com report.
Following the U.S. Supreme Court decision overturning the nationwide sports betting ban, except for Nevada, Dennis Drazin of Monmouth Park announced he was prepared to start taking bets at the William Hill Race and Sports Bar on Memorial Day. New Jersey already had a law on the books, and a state constitutional amendment, that allows sports betting, so with the federal ban overturned by SCOTUS, there was no legal barrier to accepting bets.
We all know how the story goes: Steal from the rich and give to the poor. In the story, it’s noble and righteous for the hero to take these actions. So, it’s no surprise that Governor Phil Murphy believes he can sell New Jerseyans on an economic proposal known as the “Millionaires Tax”. Unfortunately, this isn’t a story, and the Millionaires Tax doesn’t steal from the rich to give to the poor. In fact, it steals from small businesses and gives to the bureaucracy of our state government that has proven unwilling and unable to make tough spending decisions.
Murphy’s story goes something like this: New Jersey will raise the state income tax rate for residents who earn more than $1 million, and this will supposedly produce more than $765 million in new state revenue. Currently, the state’s personal income tax rate tops out at 8.97 percent on income over $500,000. Governor Murphy’s proposed Millionaires Tax would increase the marginal tax rate applied to income above $1 million to 10.75 percent.
The town hall crowd showed up Wednesday night in Willingboro to lambaste Gov. Phil Murphy over how New Jersey will dole out aid to public schools in his first state budget proposal. There was worry and anger. Some told Murphy he had let them down. One woman cried, and her 7-year-old son asked the Democratic governor… Read the rest of this entry »
New Jersey’s municipalities are being left out in the cold again by a state budget that seeks to freeze aid to towns at 2010 levels, leaving municipal officials with little choice but to increase property taxes to avoid cutting services. Gov. Phil Murphy’s proposed budget recommends no increase in aid to communities, keeping the level of… Read the rest of this entry »
Gov. Phil Murphy is scheduled to present his first state budget this afternoon in a speech before a joint session of the Legislature in Trenton. Since being sworn in earlier this year, Murphy, a Democrat, has promised to take the state in a new direction after eight years under former Republican Gov. Chris Christie. The budget… Read the rest of this entry »
Governor Christie signs the budget. Photo by Tim Larsen
Both houses of the New Jersey Legislature passed a budget last night which Governor Chris Christie signed, ending the three day shutdown of non-essential government services.
New Jersey state parks and beaches will be open today, the 4th of July. Courts, MVC offices and all other state operations will return to their normal operating hours tomorrow.
At at 10pm press conference announcing a deal on legislation to change the State’s oversight of Horizon Blue Cross Blue Shield, Senate President Sweeney and Assembly Speaker Vincent Prieto said that would ask Christie to support their desire to pay state employees for their forced day off on July 3.
Lt Governor Kim Guadagno. Photo credit: Tim Larsen/Governor’s office
Lt. Governor Kim Guadagno today called on Governor Chris Christie, Assembly Speaker Vincent Prieto and Senate President Steve Sweeney to set aside the Horizon bill that is causing the deadlock in Trenton and instead take up a bill sponsored by Assembly Members Declan O’Scanlon and Nancy Muñoz that freezes existing government employee unused sick time payouts at the amounts already accumulated while eliminatinating the practice of lump sum payouts for unused sick time for new employees.