The New Jersey governor said his proposed millionaire’s tax won’t be part of the budget for fiscal 2020.
Senate President Steve Sweeney, a Democrat like Murphy, said the governor was “living in a fairy land.”
The budget raised the risk of a government shutdown.
It still remains to be seen how much of the windfall will be recurring or if it’s a one-time bounty.
The state's Senate president said he instead wants to hike taxes on corporations.
Fellow Democrats criticized his support for tax incentives backing Goldman's move to Jersey City.
Lawmakers in New York and New Jersey failed where others in the mountain and Pacific west succeeded.
Despite a high property tax bill for New Jerseyans last year, the growth in that tax is slowing.
If New York lost one of its Hudson River rail tunnels, it would lose billions of dollars in real estate value.
Chatham Asset Management is the majority owner of American Media Inc., the publisher of the National Enquirer.
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