State Senate Democrats unveil their proposed budget, sans millionaires’ tax

Posted: Updated:
TRENTON -

The New Jersey Senate Democrats have unveiled their proposed state budget – one that is lacking a number of Gov. Phil Murphy’s top priorities.

The governor’s proposed budget included a tax on income over $1 million, along with other tax increases – increases Senate President Steve Sweeney has opposed.

“The state needs to be fixed before you have any conversation about raising taxes,” says Sweeney. “And the governor's refusal to address some of the biggest problems that exist here is just not acceptable.”

Lawmakers say that their proposed budget does not have any new taxes and no broad-based taxes have been raised. This includes Murphy’s millionaires’ tax.

RELATED: ‘Tax those millionaires’ - Union members rally in Trenton ahead of state budget 
RELATED: Feud over NJ millionaires’ tax could lead to state government shutdown 

The Senate Democrat’s budget includes $50 million for NJ Transit - $25 million more than the governor requested. It also includes more funding for pre-K programs, which the governor supports.

The Senate budget proposal also eliminates fee increases on gun licenses and permits that Gov. Murphy proposed.

“All in all, our budget’s not that far off the budget he presented, and that's how it works. The administration presents a budget and the Legislature works to craft a budget to put on his desk,” Sweeney says.

Budget Committee chairman Sen. Paul Sarlo says that several Republican lawmakers told him that the Senate budget was an improvement over Murphy’s proposal.

“I do applaud the efforts of the Senate president, [Assembly] Speaker [Craig] Coughlin and yourself to eliminate the ridiculous and unnecessary tax increases the governor was calling for,” Republican state Sen. Declan O’Scanlon told Sarlo.

Murphy was not a fan of the Senate's proposed budget, saying, "It leaves us without the stable and sustainable revenues to secure the investments we seek to make in our people and our state. It makes unnecessary cuts to valuable programs while increasing spending on non-vital ones and eliminates our first deposit in a decade into the state's empty Rainy Day Fund."

A budget vote is expected on Thursday. The governor will have to approve a budget before midnight on June 30 or a government shutdown will occur.

 

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."