When I last spoke with Gov.-elect Phil Murphy in the run-up to Election Day, he seemed to have it just about right in terms of the issues facing our state and what he hopes to accomplish. His perspectives are nuanced enough to distinguish between the challenges facing the larger cities, mainly in North Jersey, and those faced by smaller towns in Garden State.
One strong step toward stability for municipalities would have the state rethink its current distribution of state energy/gross-reciepts tax revenue. Today’s energy tax is an offshoot of the old gross receipts and franchise taxes, which the state collects …read more
Source: NJ.com Cumberland