Gov. Murphy $55.9B budget features spending hikes, new business taxes

New Jersey Gov. Phil Murphy on Tuesday unveiled a $55.9 billion budget, up about 5% over his previous year’s proposal, calling for nearly $1 billion more in K-12 school funding as well as about $1 billion in new taxes on high-earning businesses to fund transit. Murphy, a two-term Democrat, cast the budget as the fulfillment […]