Upper house plans to renew efforts at start of new session

The measure now moves onto Gov. Phil Murphy, who pushed for an expansion to the program after the NJEDA revealed that demand for the credits outstripped supply.

The measure would have allowed some school districts to exceed the 2 percent annual limit as a way of making up for lost funds, but the governor said his so-called millionaire's tax was a better source.

“Funding decisions should not be made in a vacuum or through an ad hoc approach without consideration of the broader process of allocating resources to the competing programs, services, interests, and obligations of the state that our taxpayers ultimately fund,” the governor said on Jan. 13.

The benefit is available to owners of S-corporations, limited liability companies and partnerships.

“It was a difficult decision to make but I got in this race to win and I’ve always said I wouldn’t continue if there was no longer a path to victory,” U.S. Sen. Cory Booker said Jan. 13 in a campaign-wide email to supporters.

Geographically, the nearest state that saw higher growth than New Jersey was Tennessee.

The measures aim to cut down on state expenses and property taxes, which Senate President Stephen Sweeney described as “low-hanging fruit.”

At stake: the ways people can buy flavored products and e-cigarettes, how businesses can sell them, and the types of commodities allowed in the flow of commerce.

As part of the oversight legislation, Senate Bill 630, that Gov. Phil Murphy signed in December 2018, NJ Transit’s board of directors increased from eight to 13 members.

“What we’re going to do on Monday is pass what we thought was the consensus” bill, said Sen. Bob Smith, D-17th District, the measure's main sponsor and chair of the Senate Environment Committee. “That consensus is falling apart.”

Lawmakers are looking to increase the annual cap on incentives for projects, and extend the program until 2029.