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Proposed N.J. budget seeks billions in tax relief, higher tax on big corporations

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Proposed N.J. budget seeks billions in tax relief, higher tax on big corporations


The proposed corporate transfer fee did not impress Republican leaders. Assembly Budget Officer Nancy Muñoz described it as “rebranding” the corporate tax surcharge that expired at the end of 2023.

“We applauded ourselves for eliminating the corporate business tax,” she said. “Now, we’ve reinstated the corporate business tax, and what is driving the businesses out of New Jersey is this corporate business tax.”

Muñoz added that there is enough money in the budget to fund NJ Transit, suggesting that the $1.5 billion in legislative add-ons to the current budget could’ve gone toward the transit agency.

Murphy’s spending plan also includes expanded funding for health care for children, investments in pre-k and public schools, a school lunch program and more money for a nursing expansion initiative. Also included in the budget is money for a program to help aspiring teachers, build offshore wind farms, expand the state’s electric grid infrastructure and promote innovation in artificial intelligence.

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“We have crafted this year’s budget, letter by letter, line by line to support the working families who have led New Jersey through hard times,” Murphy said, “Our promise has always been putting the needs of our families ahead of special interests.”

The governor also proposed creating a new program called RetireReady NJ, which will provide nearly all workers, particularly those who do not have a pension or 401(k), an option to invest in a retirement savings plan.

Among other proposed spending is a full payment to the state’s pension system and expanded health insurance options, medical debt relief assistance and more money for affordable housing.

“Together we’re going to continue building that stronger and fairer New Jersey where every family, especially those who worry that they’ve been forgotten, has a fair shot at a brighter future,” he said.



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New Jersey

Severe thunderstorm watch declared for much of North Jersey

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Severe thunderstorm watch declared for much of North Jersey


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A severe thunderstorm watch looms over North Jersey on the evening of June 12 after days of extreme heat.

Nation Weather Service New York declared a severe thunderstorm watch for numerous North Jersey counties including Bergen, Passaic, Hudson, Essex, Morris and Sussex among other Central Jersey and New York counties. The watch is in effect until 9 p.m., according to the NWS statement.

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In an hourly forecast from The Weather Channel for Paramus, there is a 74% chance of thunderstorms at 7 p.m.

High temperatures reached past 90 degrees in many parts of North Jersey on June 11 and June 12 as a heat advisory also remains in effect until 8 p.m., said NWS New York.



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New Jersey

Severe Storms, Dangerous Heat Targets NJ Friday

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Severe Storms, Dangerous Heat Targets NJ Friday


“Dangerous heat is expected to continue across much of our region through today, with several record highs likely to be challenged again. High temperatures are forecast to peak into the low to mid 90s across most of the area,” the National Weather Service said Friday.

A Heat Advisory is in effect until 8 p.m. across the state except for Atlantic, Cape May, Cumberland and Salem counties.





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New Jersey man sentenced to 6.5 years for fatal Lehigh Valley plane crash

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New Jersey man sentenced to 6.5 years for fatal Lehigh Valley plane crash


Philip McPherson II, a 37-year-old from Riverside, New Jersey, was sentenced Thursday, June 11, to 78 months in prison for his role in a 2022 plane crash in Lehigh County that killed a student pilot, according to the U.S. Attorney’s Office, Eastern District of Pennsylvania.

Sentencing and charges for fatal Lehigh Valley crash

What we know:

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United States District Judge John M. Gallagher sentenced McPherson to 78 months in prison, three years of supervised release, a $5,000 fine, a $4,300 special assessment, and $19,530 in restitution. Judge Gallagher also barred McPherson from working in the aviation industry.

McPherson pleaded guilty in October to involuntary manslaughter, conspiracy to commit wire fraud, obstruction of an administrative proceeding, and 40 counts of serving as an airman without a certificate.

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The backstory:

Court filings show that on September 28, 2022, McPherson took off from Queen City Airport in Allentown as the pilot-in-command with student pilot K.K. and crashed shortly after, resulting in K.K.’s death.

Prosecutors said McPherson acted with gross negligence, knowing he was not competent to fly as pilot-in-command. He had two prior crashes, nearly a third, and failed a reexamination for his pilot’s certificate in September 2021.

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McPherson voluntarily surrendered his pilot’s certificate in October 2021 and let his Temporary Airman Certificate expire in November 2021, acknowledging his inability to meet FAA standards.

He admitted to flying with passengers without a valid FAA pilot’s certificate between October 12, 2021, and September 20, 2022.

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Investigators from the U.S. Department of Transportation Office of Inspector General, FAA, and Salisbury Township Police Department worked on the case, which was prosecuted by Assistant United States Attorney Robert Schopf and Special Assistant United States Attorney Marie Miller.

What we don’t know:

Authorities have not released further details about the circumstances leading up to the crash.

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The Source: Information from the U.S. Attorney’s Office, Eastern District of Pennsylvania.

Crime & Public SafetyNews



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