HEAT ALERT

Temps will be even hotter Friday in New Jersey as highs approach 100 degrees

Senate President Sweeney shoots down Gov. Murphy's millionaire's tax proposal

A top New Jersey lawmaker and fellow Democrat says Gov. Phil Murphy's proposal to use higher-than-expected tax revenue for property tax relief in exchange for a millionaire's tax is "dead on arrival."

News 12 Staff

May 8, 2019, 1:16 AM

Updated 1,871 days ago

Share:

(AP) - A top New Jersey lawmaker and fellow Democrat says Gov. Phil Murphy's proposal to use higher-than-expected tax revenue for property tax relief in exchange for a millionaire's tax is "dead on arrival."
Senate President Sweeney said Tuesday in a phone interview that the Democratic governor's plan is "gimmick," and that he doesn't plan to go along with it.
Murphy said for the first time Monday that tax receipts are stronger than expected. He says he wants to cut property taxes by $250 million if lawmakers support his calls for higher income tax rates on people earning over $1 million a year.
Murphy didn't say exactly how much tax revenues were up, but the treasurer will brief lawmakers publicly next week.
Murphy is proposing a $38.6 billion budget.
(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


More from News 12
2:37
Amtrak, NJ Transit service resumes with ‘significant delays’ after power outage, overhead wire issues

Amtrak, NJ Transit service resumes with ‘significant delays’ after power outage, overhead wire issues

1:24
Brushfire along New Jersey Turnpike in Secaucus snarls traffic, causes NJ Transit delays

Brushfire along New Jersey Turnpike in Secaucus snarls traffic, causes NJ Transit delays

2:39
HEAT ALERT: Temps dip into the 70s overnight; highs approach 100 for Friday

HEAT ALERT: Temps dip into the 70s overnight; highs approach 100 for Friday

0:53
Boil water advisory issued for parts of Edison following water main break

Boil water advisory issued for parts of Edison following water main break

0:45
Rep. Gottheimer announces federal security action ahead of 2026 FIFA World Cup

Rep. Gottheimer announces federal security action ahead of 2026 FIFA World Cup

2:59
Summer fun! News 12’s Dave Curren visits State Fair Meadowlands

Summer fun! News 12’s Dave Curren visits State Fair Meadowlands

0:33
Jersey Proud: Livingston crossing guard retires after 30 years

Jersey Proud: Livingston crossing guard retires after 30 years

2:42
Heading to the Jersey Shore to escape the heat? Beware of the cold ocean water

Heading to the Jersey Shore to escape the heat? Beware of the cold ocean water

2:06
‘Operation After Dark’ nets 78 arrests, thousands in fines in illegal club crackdown in Paterson

‘Operation After Dark’ nets 78 arrests, thousands in fines in illegal club crackdown in Paterson

0:58
Grand jury declines to file charges in deadly 2023 police shooting in Fort Lee

Grand jury declines to file charges in deadly 2023 police shooting in Fort Lee

1:43
Best Beaches: Checking out the ocean beaches at Brick Township

Best Beaches: Checking out the ocean beaches at Brick Township

2:00
Climbing to new heights at Iron Peak Sports & Events in Hillsborough

Climbing to new heights at Iron Peak Sports & Events in Hillsborough

1:28
George Norcross' longtime lawyer called to step down from Rutgers Board of Governors

George Norcross' longtime lawyer called to step down from Rutgers Board of Governors

0:20
Historic Battleship New Jersey returns to Camden waterfront following weeks of repairs

Historic Battleship New Jersey returns to Camden waterfront following weeks of repairs

2:18
2 beaches close due to over-capacity amid record-breaking season of beach badge sales

2 beaches close due to over-capacity amid record-breaking season of beach badge sales

2:12
Scorching temperatures won’t stop NJ residents from enjoying themselves outside

Scorching temperatures won’t stop NJ residents from enjoying themselves outside

0:26
 Boil water advisory issued for parts of Clifton and Paterson due to water main break

Boil water advisory issued for parts of Clifton and Paterson due to water main break

1:09
The East End: Goat yoga at Corwith Farm in Water Mill

The East End: Goat yoga at Corwith Farm in Water Mill

0:47
Jersey Proud: 4 Byram Intermediate School students place wreath on Tomb of Unknown Soldier

Jersey Proud: 4 Byram Intermediate School students place wreath on Tomb of Unknown Soldier

0:56
Independent investigation finds no malice intended regarding East Brunswick HS yearbook photo controversy

Independent investigation finds no malice intended regarding East Brunswick HS yearbook photo controversy