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$56.6B NJ budget bill clears committee, set for Friday vote
The process and details of the now-$56.6 billion spending plan faced harsh criticism from industry leaders as it progresses ahead of a June 30 midnight deadline.
NJ business leaders rail against controversial CTF
There was no mincing of words as the 2.5% corporate transit fee advanced through budget committees in both legislative houses Wednesday, on its way to a full floor vote Friday.
All aboard: Murphy, legislative leaders reach CTF deal (updated)
The so-called "corporate transit fee" would help fund the financially beleaguered NJ Transit, hitting nearly 600 of the state's most profitable businesses that make at least $10 million a year in profits.
NJ business leaders weigh in: Budget process, CTF
As negotiations hit the home stretch, hopes for a more palatable corporate transit fee persist — as do criticisms of the proposal.
Corporate Transit Fee faces pushback from NJ business coalition
The group laid out its opposition to, and the potential impacts of, the plan, which range from trickle down costs for consumers to loss of investment in the state.
NJ Business Coalition tells Legislature to reject tax increases
The collective of more than 100 organizations wrote to the lawmakers urging opposition to the proposed 2.5% Corporate Transit Fee (CTF) and Warehouse Fee.
CPAs concerned about Murphy’s $55.9B budget plan, survey says
Nearly half of respondents believe the spending proposal will make the state's economy significantly worse in the long term, while just 5% said significantly better.
