Budget 2024 Tax Changes Nj. Governor murphy’s proposed budget includes more than $3.5 billion in direct property tax relief. The spending bill was introduced roughly a.
Despite the additional collections, murphy’s proposed budget would shrink new jersey’s surplus to just under $6.1 billion, bringing it under a statutory threshold needed to keep the staynj property tax relief program up. Over the next three years, new jersey will phase out a sales tax waiver for people buying new and used electric cars, state officials said alongside gov.