A bill directs state to spend $35 million to provide up to $1,000 in cash assistance to immigrants who use an Individual Taxpayer Identification Number.
State revenues were down $3.5 billion in April, almost 60% less than a year earlier. Some might be delayed, not lost, as the tax deadline shifted to July.
Gov. Phil Murphy considers borrowing as much as $9 billion from the Federal Reserve and say without that or a federal rescue, major cuts would be coming.
The expected collapse of New Jersey’s tax revenues didn’t materialize in March collections, but state officials say the pain is merely deferred, not avoided.
Gov. Phil Murphy hasn’t yet identified changes in the post-coronavirus state budget though has indicated he’d still like to increase the millionaires tax.