To save NJ Transit, Gov. Murphy wants to raise taxes on NJ's wealthiest companies

New Jersey Governor Phil Murphy delivering the 2019 New Jersey State of the State address. Murphy unveiled his proposal for the fiscal year that starts in July 2024 today. Murphy spent the last year defending a decision to let a similar tax expire

By: Gothamist

Mar 28 2024
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Gov. Phil Murphy wants to tax the wealthiest corporations in New Jersey to create a dedicated fund for NJ Transit as it faces a nearly $1 billion fiscal cliff. The governor announced the new tax in … [+5900 chars]

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To save NJ Transit, Gov. Murphy wants to raise taxes on NJ's wealthiest companies

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