N.J. Agrees to Sales Tax Hike, Ends Shutdown

Cataldo, Adam L.
July 2006
Bond Buyer;7/7/2006, Vol. 357 Issue 32418, p1
Trade Publication
The article reports on the agreement reached by New Jersey officials over the fiscal 2007 budget. In the agreement, sales tax will be increased by a percent wherein half of the additional revenue will go to the state's general fund. A proposal was also made to dedicate the other half of the sales tax increase to property tax relief.


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