Your Property Taxes and School Funding

December 17, 2019/in header, Latest News, News /by Brigid D'Souza

Courtesy Brigid D’Souza / civicparent.org

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The New Jersey Legislature voted to make New Jersey the first in the country to ban single-use paper bags in supermarkets along with all single-use plastic bags in stores and restaurants. The ban would begin 18 months after the bill goes into effect. A spokesman for Gov. Phil Murphy said that Mr. Murphy intended to sign the bill.

Governor Phil Murphy signed an executive order that extends the Public Health Emergency that was declared on March 9, 2020. Under the Emergency Health Powers Act, a declared public health emergency expires after 30 days unless renewed.

On Thursday, lawmakers in New Jersey passed a $32.7 billion budget which will be partly funded by increased taxes on millionaires. Taxpayers tax earning between $1 million and $5 million will pay 10.75% in income tax, up from 8.97%, on earned income above $1 million. All income above $5 million is already taxed at the higher rate.

Governor Phil Murphy signed legislation which requires the New Jersey Department of Environmental Protection to evaluate the environmental and public health impacts of certain facilities on overburdened communities, defined as communities where 35 percent of the households qualify as low-income according to the U.S. Census, 40 percent of households are minority, or 40 percent of households have limited English proficiency.

Your Property Taxes and School Funding

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