The current rate clocks in at 41.4 cents per gallon of gasoline. It finances the $2 billion a year Transportation Trust Fund, which in turn funds state and local infrastructure projects.

The New Jersey Senate approved the committee, armed with subpoena power, to scrutinize the Economic Development Authority’s multi-billion dollar Grow New Jersey tax break program, setting up a potential showdown with a similarly-natured task force the Murphy administration put together in January.

Assembly Bill 5000 would have required the Department of Community Affairs to create an online database and interactive map of residential properties under foreclosure, at a price tag of $4 million a year.

Senate Bill 3158, which the Senate Community and Urban Affairs Committee approved in a 5-0 vote on May 13, is worded in a way that the levy on short-term stays would apply only to AirBnB.

Treasury officials are still crunching the numbers on the exact amount destined for what is known formally as the state’s Surplus Revenue Fund.

The Senate president said he plans to convene a committee armed with subpoena power to scrutinize the Economic Development Authority's multi-billion dollar tax break program, setting up a showdown with a task force the Murphy administration put together in January.

New Jersey saw over 100 million visitors for the first time starting in 2017. According to a January 2018 study “Economic Impact of Tourism in New Jersey 2017,” guests to the Garden State spent $42.9 billion and generated $4.8 billion in state and local taxes.

“I do not share the governor’s view that middle-class property tax relief must be tied to another income tax hike,” Assembly Speaker Craig Coughlin said in response to the deal proposed by Gov. Phil Murphy at a town-hall style meeting on May 6. “We should return that money to middle-class property taxpayers with no strings attached.”

The Senate president is skipping a meeting with Gov. Phil Murphy to legalize adult-use cannabis over his frustration with the governor's scrutiny of a multi-billion dollar tax break program championed by Sweeney, according to several sources who requested anonymity.

At an unrelated event in Newark Wednesday afternoon, the governor hit back at accusations that his tax break criticisms are actually a veiled attack on Camden and his South Jersey political opponents.

The comments from Stephen Sweeney come less than a day after the governor proposed a deal during a town hall meeting to offer $250 million in additional property tax relief in the 2020 fiscal year budget in return for the millionaire’s tax

Following opposition from the state Legislature's top Democrat, Gov. Phil Murphy on Tuesday said he would back off plans to divert $33 million from the fund, which covers the costs of burials, health care and retirement for firefighters in need, and their families.