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Governor Phil Murphy Proposes Over $1 Billion in New Taxes in 2025 NJ State Budget Plan

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the staff of the Ridgewood blog

TRENTON NJ,  for the second consecutive year, New Jersey Governor Phil Murphy is seeking approval from state lawmakers of a massive $1 billion in new taxes and fees as part of his latest budget proposal. The sweeping tax increases come as the state’s annual budget inches closer to a record-setting $60 billion.

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