Sherrill's Budget: Record Tax Relief, Education Boost
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New Jersey Governor Mikie Sherrills first budget plan proposes a $60.7 billion proposal for the next fiscal year, focusing on property tax relief and increased state aid to schools. The plan aims to address the states affordability crisis, with record property tax relief and higher school aid. Revenue is expected to remain flat, with some business tax loopholes closed to boost funds. The plan cuts the structural deficit but still dips into the surplus. Seniors will see changes to tax relief programs, and education funding increases for pre-kindergarten and child care. Lawmakers now begin hearings, with a deadline at Junes end to avoid a shutdown.
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