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Mo’ money, mo’ problems (access required)

Tax collections came in strong this year, but not strong enough to ease tensions over next year’s budget

The latest budget figures from the Murphy administration show soaring corporate business tax revenue and strong income tax collections for the current fiscal year. But, while the increased revenue is welcome in Trenton, it’s still not enough to cover every faction’s priorities, and the continuing disagreement over a millionaire’s tax is evidence budget negotiations will remain strained.

Daniel J. Munoz
Daniel Munoz covers politics and state government for NJBIZ. You can contact him at dmunoz@njbiz.com.

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