Archive for Tag: income tax

School funding and property tax relief bill introduced by Assembly Republicans

TRENTON, N.J. – Republicans introduced legislation Monday (A5253) that would increase the state’s school funding obligations and lower property taxes by using state income tax revenue, which can more than pay for the plan without taking money from the surplus. The plan was dropped the day before Gov. Phil...

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GOP leaders push for tax cut package in budget

TRENTON, N.J. – In response to surging state revenues and record-high inflation, Assembly Republican Leader John DiMaio and Assembly Budget Officer Hal Wirths on Tuesday announced a four-point plan that would provide residents immediate relief in this year’s state budget and achieve sustainable tax reforms. “Taxpayers can’t wait for...

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