New Jersey Legislature approves $58.8 billion budget with higher gambling, smoking, home sales taxes

N.J. has a new budget. What are the tax hikes and breaks impacting residents?

New Jersey’s new state budget includes property tax relief, new taxes on cigarettes and gambling and billions for the surplus fund.

New Jersey lawmakers pass $58.8 billion budget • New Jersey Monitor

Sen. Nicholas Scutari talks with Sen. Bob Smith in the Statehouse in Trenton on Monday, June 30, 2025. (Dana DiFilippo | New Jersey Monitor)New Jersey lawmakers approved a $58.8 billion spending bill in votes that largely fell along party lines just hours before a deadline that would have sent the state government into a shutdown. The budget maintains a full pension payment and promises to send more than $12 billion to aid the state’s K-12 schoo…

NJ Senate OKs budget, tax hikes

Assembly debate continued on Monday evening The post NJ Senate OKs budget, tax hikes appeared first on NJ Spotlight News.

New Jersey Legislature approves $58.8 billion budget with higher gambling, smoking, home sales taxes

Higher taxes on internet gambling and sports betting, vaping and smoking, and the sale of high-end homes are pillars of the $58.8 billion budget passed by New Jersey lawmakers Monday.

Weekly State of the States: July 3rd, 2025 Edition – Duane Morris Government Strategies

With the start of the new fiscal year, states across the country are finalizing budgets, implementing the laws passed in the 2025 legislative session, and adjusting priority frameworks for next year. This week featured major developments in state budgets, from New Jersey’s record-setting $58.8 billion plan to delayed negotiations in Michigan. In addition to fiscal developments, several states implemented laws on issues ranging from education and…