The governor's proposal calls for raising the levy on income between $1 million and $5 million, resulting in an increase from 8.97 percent to 10.75 percent for every dollar earned above $1 million, and, the administration estimates, a return of $390 million.
Read More »
Government
Murphy chief counsel to leave post for Lowenstein Sandler
Matt Platkin, who serves as the chief counsel for Gov. Phil Murphy’s office, will leave his post next month for a position at the law firm Lowenstein Sandler LLP.
Read More »Murphy: NJ could still need up to $20B of federal aid through end of 2021
The figure is far off from the $2.4 billion the state was awarded under the landmark Coronavirus Aid, Relief and Economic Security Act, which the governor lamented on Sept. 16 came with a variety of strings attached requiring the funding be used specifically for COVID-related expenses.
Read More »State Treasury: NJ sales tax sees summer rebound for first time during COVID-19
Wednesday morning data from the state Treasury show that for August, which reflects consumer activity from July, New Jersey collected more than $890 million—a 2.9 percent increase compared to year before.
Read More »Labor commissioner: Fed rules mean NJ unemployment upgrades could be for naught
“It doesn’t matter about how nice a computer system you have. Individual claimant’s issues aren’t about technology, they’re about the … eligibility standards they need to meet,” New Jersey Labor and Workforce Commissioner Robert Asaro-Angelo said during a state Senate hearing.
Read More »NJ removes California, 5 additional states from COVID-19 travel advisory
The Golden State falls off the list for the first time since June, while New Jersey's neighbor to the south, Delaware, remains included.
Read More »NJ health officials prep for fall ‘twindemic’ of flu season, COVID-19
“As we enter the fall season, we are also moving into the flu season. This year we are preparing for the possibility of a twin-demic," said New Jersey Health Commissioner Judith Persichilli. "A severe flu season and a resurgence of COVID-19, which can strain health care resources.”
Read More »NJ employers responsible for essential workers with COVID, under new law
The measure, signed by Murphy on Sept. 14, has been panned by business groups that instead support a bill that would grant legal immunity to companies against claims from workers and customers that they caught the virus while on the premises.
Read More »NJ getting $75M of federal COVID-relief grants
The funding can be used by towns, cities and county governments to bolster their response to the pandemic or, to a limited extent, to make up for money lost due to cratering tax revenue and soaring expenses due to the virus.
Read More »Murphy critical of NYSE’s potential NJ exit over prospective tax
Most of the major stock exchanges operate their electronic trading out of New Jersey. And a number of them are voicing opposition to a proposal to impose a levy on high-frequency trades that is gaining ground in the state.
Read More »Jobless claims up as COVID pandemic hits 6 months; 1.6M in NJ out of work
As of Sept. 5, the state paid out $4.6 billion of jobless benefits from its own pockets, $8.5 billion from the federal CARES Act expansion, $1.3 billion from an expansion for freelancers and independent contractors, $416.2 million from a federal extension of jobless benefits and $52.6 million for a state-level extension.
Read More »Murphy: ‘lives could have been saved’ if Trump didn’t conceal COVID-19 severity
Gov. Phil Murphy went after the president Wednesday following revelations that he withheld information about the virus.
Read More »