Category: Property Taxes

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Chelsea Diana

Reporter- Albany Business Review

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New York state collected $102.9 million more in business tax collections this year than last year, according to a new state report.

By ERIC OBERNAUER

eobernauer@njherald.com

For beleaguered New Jersey taxpayers, the nearly 40 percent decline in gasoline prices over the last 12 months has been the most welcome relief they’ve had in years.

And in a state renowned for its cheap gas but otherwise ranked routinely as having among the worst tax climates in the country, the impact of the state’s low gas prices can be seen in Montague and other points along the state line, where motorists and big-rig operators from out of state pour in by the thousands each day to fill up with cheap New Jersey gas.

MORRISTOWN — Two hundred and thirty-eight years ago, George Washington put this north-central New Jersey town in the history books when he used it as a wintertime encampment during the colonies’ bid to break from British rule.

Now, Morristown is involved in another battle — this time, with its biggest employer — that could have major implications for some of New Jersey’s biggest institutions.

Credit: Newsworks

State Senate President Stephen Sweeney (D-Gloucester)

Last month’s court ruling calling on Gov. Chris Christie and lawmakers to come up with another $1.6 billion in funding for the public-employee pension system before the current fiscal year ends has renewed debate about whether millionaires in New Jersey should be asked to pay more to keep the state budget balanced.