“Trenton tried their way. And, history is clear – that way failed. New Jersey hobbled its way through economic recovery because their choices failed to create jobs and failed to raise incomes,” the governor said in Tuesday's prepared remarks.

Bases are recalculated each year based on the statewide average weekly wage, which for this year reflects a 2.6 percent increase.

The measures are aimed at preserving several provisions to shield against the uncertainty of federal health care.

The governor is expected to pitch his millionaire's tax and efforts to change the "culture of Trenton" this afternoon in Trenton.

The bill sets a goal for the state to have 330,000 electric vehicles on the road by the end of 2024, and a total of 2 million by 2035; it also calls for benchmarks to institute infrastructure to support these new cars.

The bills passed Jan. 13 as part of a package of six that lawmakers sent to the governor. He will have until Jan. 21 to sign or veto.

The governor has signaled a willingness to sign the flavor ban and more after a task force he put together over the summer unveiled a host of recommendations to clamp down on vaping.

Upper house plans to renew efforts at start of new session

A law signed by Gov. Phil Murphy on Jan. 13 requires the agency to prepare and submit its report within six months of enactment.

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.