#new-jersey-budget-proposal

#new-jersey-budget-proposal

"I think this is a worthwhile investment in the future so that we are protecting the workforce and people can live with the dignity they deserve" when they retire, said state Sen. Jessica Ramos, a Queens Democrat.

The tax provides more than $23 billion per year in revenue for federal highway and public transit programs. The federal gas tax has been in place, in one way or another, since 1919 and was last raised in 1993.

"We need at least a 15-percent increase in state operating assistance in order for the Upstate systems to address their structural budget deficits. What that means is we need that 15-percent increase so that we are not faced with having to reduce service. We're not faced with having to increase fares."

At a time when affordability remains one of the state's most pressing challenges, adding additional transaction costs makes it harder for buyers and sellers to participate in the market that so desperately needs participation. New Jersey Realtors said the state should consider reducing or reforming the fee as it applies to residential housing.

Mamdani stated that the City Council's budget strategy effectively ensures this structural deficit will continue indefinitely, impacting vital city services and failing to solve deep financial problems.

The Uber-backed plan to lower car insurance rates has drawn criticism from legal professionals and crash victim advocates who say the legislative changes would strip crash victims of rights while misstating the drivers of high costs. Hochul and the car insurance industry have argued that fraud and "jackpot" payouts have increased costs for insurance companies so much that they can't reduce premiums.

In the governor's proposed budget, $648 million is allocated for CHIPS to be divided among every town and the 62 counties in the state, while $4.5 billion is proposed for downstate transit and the New York City subway system.

With domestic out-migration levels growing prior to the pandemic and remaining significantly elevated beyond it, it is clear out-migration is a structural phenomenon that is here to stay and not just a byproduct of remote work and the pandemic.

The Trump administration purchased a giant warehouse in rural Roxbury Township, New Jersey, for $129.3 million with plans to convert it into one of the largest immigration detention centers in the country. The plan is not only unpopular among a bipartisan swath of residents, but it's also roiling what was already shaping up to be a gripping and crowded Democratic primary in the state's 7th Congressional District.

"I don't think the tax conversation is productive because we are going to be 100% higher than New Jersey if we take that proposal. New Jersey's current corporate tax rate is 11%. If we do what the Mayor has recommended, will be at 22% - 100% over New Jersey," Steve Fulop, the new CEO of the Partnership for The City of New York said Sunday on 77 WABC's the "Cats Roundtable" program.

The governor's budget proposal, the first step in hammering out a new spending deal with the state Legislature by April 1, includes plans to provide free childcare to children aged two and over in New York City and children aged four and up throughout the rest of New York State, pledging $4.5 billion to expand free childcare statewide. That investment represents a $1.7 billion increase compared to the 2025 state budget.

More than $18 million was distributed through the second round of the Electric School Bus Grant Program, supporting the purchase of 53 battery-electric school buses and associated charging equipment. The program, authorized in 2022 and financed through the New Jersey Board of Public Utilities' Clean Energy Fund, provides up to $45 million over three years to replace diesel school buses with zero-emission alternatives. Grant recipients include school districts and private transportation contractors located across northern, central, and southern New Jersey.

On Monday, New Jersey Governor Phil Murphy signed a new bill into state law that sets a precedent for e-bikes in the state. New Jersey's most recent bill requires e-bike riders to have a license, register their e-bike, and insure it. You can read the bill in its entirety here. And this applies to all e-bikes in the state. Over the last handful of years, "e-bikes" have been much more prominent in local and even national news. But, generally not for good reasons.

The Transportation and Infrastructure team report included 20 recommendations, with suggestions to moving two light rail line expansions and designing a bus rapid transit system for South Jersey. They suggested allowing traffic enforcement cameras to address safety issues and to study an idea from Sherrill's Republican challenger.

If you live in Illinois, you pay a greater percentage of your income in taxes than almost anyone of any income stratus anywhere in the country. That's not right,

E-bike safety advocates like myself have long warned about "bikelash": the predictable backlash that occurs when policymakers misdiagnose the e-moto problem as an e-bike problem. The recently enacted - and extraordinarily restrictive - New Jersey law is a textbook example of bikelash unleashed. It is also a case study in legislative malpractice. The law was reportedly triggered by the tragic death of a 13-year-old riding what was described as an "e-bike" in a collision with a truck in Scotch Plains, New Jersey.

When it comes to tax season, it's always an annual reminder that where you live does determine how much of your paycheck actually stays in your pocket. While federal taxes apply equally across state lines, state and local taxes can vary, often dramatically, and for residents of the highest-taxed states, the difference can amount to thousands of dollars every year.

Driving the news: The 13-candidate Democratic primary to replace now-Gov. Mikie Sherrill in New Jersey's 11th congressional district ended in a dead heat between progressive organizer Analilia Mejia and former Rep. Tom Malinowski. With several thousand provisional and late mail-in still to be counted as of Friday, Mejia led Malinowski by 500 votes, 28.75% to 27.97%, according to the Associated Press. Mejia trailed many of her opponents in fundraising, bringing in just $420,000 to Malinowski's $1.2 million.