New Jersey

June 29, 2018

STATE RUNS OUT OF MONEY THIS WEEKEND, STILL NO BUDGET

New Jersey runs out of cash Sunday morning, and there’s still no budget in place.  Lawmakers are expected to again meet on Friday in an attempt to hash out an agreement.  Governor Murphy met for three hours with legislative democrats on Thursday with no compromise.  Murphy wants to raise income taxes on the wealthy and …

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June 28, 2018

MURPHY: I WILL NOT APPROVE A TAX ON SHORE RENTALS

Governor Phil Murphy says he will not approve a new tax on short term rentals, including those at the Jersey Shore, as a way to fill a gap in the State budget.  Murphy announced he has rejected the move that would generate $250 million for the state’s coffers.  Murphy announced during a town hall Wednesday …

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June 27, 2018

STATE BEACHES ARE IN PRETTY GOOD SHAPE, DESPITE ROUGH SPRING

New Jersey’s beaches are in pretty good shape for the summer despite repeated nor’easters that chewed sand away from the coastline.  State officials held a press event on Wednesday and lauded the condition of the coastline.  Some communitie...
June 27, 2018

SAY WHAT? LAWMAKERS CONSIDER TAX ON SHORT TERM RENTALS

Some are calling this a blistering financial attack on the Jersey Shore.  Lawmakers are now considering new ways to generate money for the state budget, including taxes on short term rentals and increases taxes on expensive homes, both of which would impact the coastal region.  Voting sessions for Thursday have been called off, and voting …

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