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A closer look at what's in New Jersey's proposed $56.6 billion budget, from taxes to spending

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A closer look at what's in New Jersey's proposed .6 billion budget, from taxes to spending


TRENTON, N.J. — New Jersey lawmakers are poised to send a $56.6 billion fiscal year 2025 budget to Democratic Gov. Phil Murphy this week, hiking taxes on high-earning businesses and funding for many state services and programs.

The annual spending plan is expected to get enough votes in the Democrat-led Legislature on Friday to reach Murphy’s desk. The state constitution requires a balanced budget to be enacted by July 1.

Here’s a closer look at what’s in the budget, which would spend 4.2% more than the plan Murphy signed last year.

ARE THERE ANY NEW TAXES?

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Yes. The budget calls for increasing the state’s corporation business tax on companies that make more than $10 million a year. The current 9% rate would climb to 11.5%. Business groups say that would give New Jersey the nation’s highest tax rate and punish the state’s best corporate citizens.

WHY ARE TAXES GOING UP?

The higher rate was first proposed by Murphy as part of his budget proposal early this year to help New Jersey Transit. He’s billing the levy as a corporate transit fee to help the beleaguered agency, which has regularly had to use capital funds to help finance projects.

Critics note that the revenue won’t go to transit until next year. The current budget keeps it in the general fund, so when the money goes to transit next year, whatever is being paid for now out of the general would need to be replenished or cut, those critics say.

ARE THERE OTHER TAX CHANGES?

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Yes. The budget calls for ending a sales tax holiday on school supplies that had gone into effect around the start of the academic year. That cut was first introduced in 2022 when the Democrats who control state government aimed to show voters they were making the state more affordable. Lawmakers didn’t explain this cut when they unveiled the budget Wednesday, but the additional revenue could help balance the budget.

WHAT ABOUT PROPERTY TAXES?

New Jersey has among the nation’s highest property taxes, levied by local governments to finance services and schools. The state dedicates some income tax revenue to fund local governments, which helps keep property tax rates from growing even higher. This budget calls for increasing state K-12 funding to fully implement an aid formula ratified by the state Supreme Court, raising such aid to more than $11 billion, up nearly $1 billion from the current fiscal year. The budget also has about $2.5 billion for direct property tax relief, continuing programs introduced in 2022 and 2023 to help residents, renters and seniors. The average property tax amount in 2022, which is the most recently available information, is about $9,500, according to the state.

WHAT ELSE IS IN THE BUDGET?

Quite a bit, given it funds all aspects of state government, from the executive departments to public colleges and universities, to the Legislature itself, which this year passed a 67% pay raise for lawmakers, their first since 2002, which goes into effect in 2026. Overall, spending is up just over 4% compared with the current fiscal year budget.

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It includes a number of expenditures — sometimes referred to as Christmas tree line items because they’re viewed as gifts for specific constituencies. They include funding for ending homelessness, helping people re-enter society from prison, fire departments, arts programs and one city’s effort to teach life skills through tennis.

Republican lawmakers said they barely had time to review the budget and lamented that they weren’t sure what all was in it. Even Democratic Senate Budget Committee Chairman Paul Sarlo said the document is too vast to read line by line, but he supports it overall.

“I could not take a test and be quizzed on every line item because it would take hours and hours and days and months,” Sarlo said. “I try to look at it in totality and that’s where I think we’re at.”



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New Jersey

You stayed in New Jersey your whole life — and now retirement may force you out

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You stayed in New Jersey your whole life — and now retirement may force you out


A few weeks ago I wrote about staying in New Jersey feeling like a bad relationship. The love is real. The memories are real. But the bills keep coming and the promises from Trenton keep not arriving. And most people keep saying just one more year.

Here is the part of that story I did not get to. For a lot of New Jersey residents, the “just one more year” conversation does not end with a decision to leave. It ends with retirement — and the sudden realization that the math that was already hard just got impossible.

The friends who are no longer here

I think about this a lot because I see it in my own life. Friends and relatives I grew up with — people who are approaching retirement or are already there — are gone. Not gone as in passed away. Gone as in New Jersey made them leave. Financially bullied out of the state they built their lives in.

Off the top of my head I can place friends and family in western Pennsylvania, Illinois, Arizona, Tennessee, North Carolina, South Carolina, Hawaii — and of course Florida, always Florida. A few landed in Delaware, close enough to drive back for a long weekend. Most are not that lucky. When you move to Scottsdale or Nashville or Maui, Sunday dinner with the grandkids is no longer twelve minutes down the road. It is a flight.

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Thank goodness for social media. It is the only reason we stay connected.

These were not people who wanted to leave. They coached Little League. They served on school boards and rescue squads. They wore badges and volunteered at firehouses. Stand-up citizens who would have gone on contributing to their communities for another twenty years. New Jersey pushed them out anyway.

SEE ALSO: Staying in NJ is starting to feel like a bad relationship 

Photo by Zac Gudakov on Unsplash

Photo by Zac Gudakov on Unsplash

When paying off your house becomes a rude awakening

For many of them the realization came at the worst possible moment — the moment they should have been celebrating. Paying off your house is supposed to be the reward of a well-lived life. Decades of mortgage payments finally done. You own it. Free and clear.

Except in New Jersey, that moment of triumph comes with a brutal clarity. The property tax bill that was quietly folded into your monthly mortgage payment is now sitting on your kitchen table all by itself. No mortgage to soften the blow. Just a number. A big one.

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The average New Jersey property tax bill tops $9,800 a year statewide. In Bergen, Morris and Essex counties it pushes well past $12,000. That is the bill you get for owning something you already paid for. Pay it or face consequences. It is not quite Tony Soprano showing up at your door — but the message is not entirely different. Pay up, or we make things very difficult for you.

Social Security was not designed to absorb that number. Most pension checks were not either. (For those who worked hard and were fortunate to receive them.) For many residents who paid into their 401k…it sadly just does not cut it here.

The Stay NJ promise that isn’t

What makes it sting even more is that relief was supposed to be coming. Governor Sherrill’s proposed budget cuts the Stay NJ property tax relief program — $500 million gone. That program was supposed to cut property tax bills nearly in half for eligible homeowners over 65. People built their retirement plans around it. Stayed in their houses because of it.

Now it may not happen. And for retirees sitting on a house worth four times what they paid for it, the calculation is shifting fast. Cash out. Head south. Let someone else argue with the tax assessor.

What Trenton owes this generation

The people facing this decision did not fail New Jersey. They showed up for decades. They raised families here, served their communities, paid their taxes, and stayed through every rate hike, toll increase and broken promise of reform.

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They deserve better than a retirement that forces them to choose between financial survival and the only home they have ever known.

New Jersey is still worth loving. The Shore, the food, the neighborhoods, the culture — none of that has changed. What has changed is the price the state charges for the privilege of staying.

For a generation that gave everything they had, that price has finally gotten too high.

LOOK: Here’s where people in every state are moving to most

Stacker analyzed the Census Bureau’s 2019 American Community Survey data to determine the three most popular destinations for people moving out of each state.

Gallery Credit: Amanda Silvestri

 

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New Jersey’s most paranoid apps — and the alerts that prove it

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New Jersey’s most paranoid apps — and the alerts that prove it


I will admit it. I have way too many notifications turned on.

It is an occupational hazard. As a talk show host and content provider for NJ 101.5, I need to stay on top of local news, national news, weather alerts for towns I visited three years ago — and yes, Ring and Nextdoor. Both of them. All notifications. All the time.

They wake me up in the middle of the night and I let them, because of FOMO. It is a terrible affliction and I am not proud of it.

Ring, Nextdoor and the anxiety they call features

But I am seriously considering turning them off. Because just about every alert that comes through turns out to be nothing. The guy in sunglasses and a Giants hoodie walking down the street. The strange car parked in front of someone’s house. The rotten egg smell nobody can identify. The contractors who showed up wanting to pave the driveway, fix the roof, and install new windows all in one visit.

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And the granddaddy of them all: “Was that a gunshot, a car backfiring, or fireworks at 11pm?”

These apps do not give me peace of mind. They give me anxiety!

SEE ALSO: Financial anxiety is crushing NJ residents 

Photo by Konstantin Shmatov on Unsplash

Photo by Konstantin Shmatov on Unsplash

 

The top 10 alerts guaranteed to flood your New Jersey feed

“Was that gunshots or fireworks?” The undisputed champion. Loud bang at night, instant neighborhood panic. Thunderstorms, construction, a truck with a bad muffler — all submitted as possible gunfire. Never gets resolved.

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Suspicious person walking down the street “White van driving slowly.” “Someone looking at houses.” In New Jersey this category also includes door-to-door solicitors offering to check your utility bill, inspect your roof, and repave your driveway simultaneously.

Pets, poop and the ongoing war Barking dogs. Lost cats. The eternal fury of the un-scooped lawn. Runs 365 days a year and generates more passion than most political debates.

Parking drama “Someone parked in front of my house.” Not blocking the driveway. Not illegally parked. Just in front of the house. In New Jersey this is a declaration of war.

Package theft and petty crime The actually useful one. Porch pirates, car break-ins, garage thefts with real Ring footage and real descriptions. About one in ten posts here is genuinely worth your attention.

“Did anyone else hear that?” Helicopters. Sirens. Internet going down for four minutes. All submitted as neighborhood emergencies requiring community response.

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Teens being teenagers “A group of teenagers walking around.” “Kids on bikes after dark.” “Someone rang my doorbell and ran.” Almost always harmless. Always posted as suspicious.

Smells, trash and mystery odors The rotten egg smell. Construction dust. A neighbor burning something. In denser NJ towns this category gets surprisingly heated.

Door-to-door scams and solicitors Actually one of the more legitimate categories. Fake utility workers, solar salespeople, roofing crews appearing out of nowhere. Worth reading and worth sharing.

Overreaction posts about overreaction posts The meta-complaint. People posting about people who post too much. Duplicate alerts about the same non-event. The feed eating itself.

Photo by Hamish Duncan on Unsplash

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Photo by Hamish Duncan on Unsplash

I keep thinking about what we did before these apps. We just wondered. We heard a noise and went back to sleep. We did not know about the white van and we were fine.

I am turning off the notifications. Both apps. All of them.

And I am going back to sleep.

13 apps all NJ parents need to know about

Some of these social media apps are aimed at mature users. A false birthday on either end can link young users with potential predators, if adults are not paying attention.

Gallery Credit: Erin Vogt

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Police Chief Dean Ackermann bids farewell in Glen Rock ceremony

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Police Chief Dean Ackermann bids farewell in Glen Rock ceremony


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GLEN ROCK − Police Chief Dean Ackermann headed off to retirement on March 31 after serving 40 years in the department.

A “final walk-out ceremony” was held at the Glen Rock Police Headquarters on Tuesday to honor the career of Ackermann.

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“I can’t believe it has been 40 years. I left the place better than I found it and I left it in the hands of a great leader who is going to take the department to new heights,” said Ackermann

About 100 people from the community came to see Ackermann’s farewell which included many current and former police officers along with the family and friends of the retired police chief.

Ackermann took the podium on the warm spring afternoon and first thanked his wife for being by his side throughout his career. He thanked the Glen Rock police department for their support to him and thanked everyone who showed up to the walkout.

Ackermann was named the chief of police in 2016, having prior positions of detective and sergeant. He joined local law enforcement in 1986. Prior to his time with the Glen Rock Police Department, Ackermann worked as a New Jersey Transit Police officer, assigned to look over towns Newark, East Orange and Hoboken.

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Tuesday’s ceremony was also a passing of the torch moment in Glen Rock as Ackermann introduced the new police chief, Michael Trover. Ackermann presented Trover with the chief police badge, which he said would be his last act as the Glen Rock police chief.

Trover has been a member of the Glen Rock police department for 20 years and served as captain at the department. He was officially sworn in as chief on March 25.

Like many North Jersey towns, major crime was low in Glen Rock during the years of Ackermann’s tenure as police chief. New Jersey crime statistics, which localized in 2020, show no murders and rapes were reported in the last six years in Glen Rock. From that time frame, only three robberies were reported, all in 2022.

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The Glen Rock PBA presented Ackermann with a plaque as they wished him good luck on his retirement.

“We want to wish you the very best. I know Glen Rock and the surrounding communities are indebted to you for all that you have done for all the residents,” said Assemblywoman Lisa Swain at the ceremony.

The ceremony finished with Ackermann taking photos with his family and the generations of those who worked in the Glen Rock police department.



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