Murphy, Senate President Sweeney, Speaker Coughlin, Senate Budget Chair Sarlo, and Assembly Budget

[TexasTowelie]

Murphy, Senate President Sweeney, Speaker Coughlin, Senate Budget Chair Sarlo, and Assembly Budget Chair Pintor Marin Announce Fiscal Year 2022 Budget Agreement


Today, Governor Murphy, Senate President Sweeney, Speaker Coughlin, Senate Budget Chair Sarlo, and Assembly Budget Chair Pintor Marin announced an agreement on the Fiscal Year 2022 Budget.

“Tax relief is a critical component of a stronger and fairer New Jersey,”said Governor Murphy.“With each budget I have introduced, we have provided greater relief to those who need it most – through our continued expansion of the Earned Income Tax Credit, the establishment and expansion of a Child and Dependent Tax Care Credit, increased tax relief for veterans, middle-class tax rebates, and now the long-overdue expansion of the Homestead Benefit to make sure relief reflects reality. I’m proud to join with my partners in the Legislature to make sure that the best state to live in America is more affordable for families.”

“This is direct tax relief to middle income families and senior citizens who need it most,” said Senate President Steve Sweeney. “The income tax rebate will put money into the pockets of working families so they can support themselves and their children. The increased Homestead rebates will help ease the heavy property tax burden on middle-income homeowners. This extra assistance is especially important for senior citizens on fixed incomes so they can continue to live in their home communities. These benefits will be spent in the local economy, generating jobs and business activity in communities across the state.”

“With these measures we’re building on the promise to make New Jersey more affordable and stand up for its working families and seniors,” said Speaker Craig Coughlin. “I am thankful for the Governor and Senate President’s partnership in ensuring the responsible expansion and strengthening of our state’s commitments toward middle-class tax relief. Through the promise of greater financial security, together these measures will generate more opportunities for residents and our economy to thrive.”

Read more: https://www.insidernj.com/murphy-senate-president-sweeney-speaker-coughlin-senate-budget-chair-sarlo-assembly-budget-chair-pintor-marin-announce-fiscal-year-2022-budget-agreement/