The New Jersey State Assembly budget committee on Tuesday night advanced bills to raise taxes on corporations and the wealthy, as an alternative to Gov. Chris Christie’s plan to slash the state’s contribution to public employee pension funds.
An interagency report released Monday says the program would reach 54,000 children who need it by September. By the 2015-16 school year, it would be available to all 73,000 eligible children.
Governor Andrew Cuomo on Monday rejected proposals by a health panel that would have increased taxes and regulations on alcohol, according to a published report.
As Gov. Andrew Cuomo announces tax cuts for many people New York State, there are reports that Mayor Michael Bloomberg is looking to raise property taxes in New York City to fill a budget hole that would result in deep cuts at city agencies.
New Jersey voters were not generous when it came to exceeding the new two percent property tax caps in school elections. They rejected increases in 12 of 14 municipalities that had referenda.
New Jersey’s Local Finance Board agreed Friday to lift the cap on Camden’s property-tax increases. That means the hike, which could raise $4.2 million, would take effect once the City Council approves the municipal budget.
The tax increase plan comes just after the city government slashed it work force, laying off 400 employees including nearly half the police officers.
It comes a little more than a week after President Obama struck a deal with Republicans, but liberal Democrats have been strongly opposed to the deal.
Thousands of Nassau County homeowners are dealing with some of the widest tax disparities ever, WCBS 880’s Mike Xirinachs reports.