The budget that avoided a budget shutdown included a tax on Airbnb-style rentals, but not on short-term Jersey Shore rentals among various concessions made on both sides.
Gov. Phil Murphy and Democratic legislative leaders have reached a deal on a state budget, just hours before the deadline that could have triggered a shutdown.
With a budget deadline hours away, Gov. Phil Murphy on Friday said he'd be willing to back down from raising the state sales tax in a compromise offer to Democratic legislative leaders.
A budget won't be in place before the Sunday deadline, and it appears likely that Gov. Phil Murphy will have to decide whether to shutter state services.
Gov. Phil Murphy's Cabinet meets to review plans for a state government shutdown, though the governor said he's still optimistic a budget deal will be reached.
Democratic legislative leaders propose to raise taxes on short-term vacation rentals, like those common along the Shore, and sales of million-dollar homes.
Gov. Phil Murphy's proposed compromise on tax hikes: scaled-back versions of his income and sales tax plans and the Legislature's business tax surcharge.
Public employees pay more toward their pensions than ever before – but still recoup everything they paid into the system after 3.5 to 4 years of retirement.