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Property tax relief coming for nearly 2 million New Jersey homeowners, renters

(The Center Square) – Roughly 1.8 million homeowners and renters are to be distributed $900 million in property tax relief, New Jersey Gov. Phil Murphy announced. Under the Affordable New Jersey Communities for Homeowners and Renters Property Tax Relief Program, homeowners making $250,000 or less per year can receive a $700 rebate on average in fiscal 2023. It would ostensibly reduce the effective average property tax rate back to the 2016 level for many households

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Municipalities would benefit from New Jersey energy fund in Senate measure

(The Center Square) – Municipalities would benefit from the state’s “Energy Tax Receipts Property Tax Relief Fund” in a measure being considered by the New Jersey Senate. The measure, S-330/A-1012, which the New Jersey Senate Budget Committee advanced, would increase funding distributed to municipalities by roughly $330 million annually as part of a two-year phase-in period. Municipalities would be required to use the funds to reduce their property tax levy. “Property taxes are a business

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Deadline amended for New Jersey health-care workers’ booster shots

(The Center Square) – New Jersey workers in health-care facilities and high-risk congregate settings have more time to meet the fully vaccinated requirement following an executive order from Gov. Phil Murphy. Executive Order No. 290 mandates that covered healthcare workers must obtain their COVID-19 booster by April 11 or within three weeks of eligibility. Additionally, workers in high-risk congregate care settings have until May 11 to submit proof they have received the vaccination and booster

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New Jersey dishing out $16.1 million for affordable housing projects

(The Center Square) – New Jersey is doling out more than $16.1 million to develop affordable housing projects. The money flows through the Affordable Housing Trust Fund (AHTF), which the New Jersey Department of Community Affairs (DCA) will administer. In an announcement, Lt. Gov. Sheila Oliver, the DCA commissioner, said the fund will help “more people gain access to affordable and decent housing, including veterans, minorities, and victims of domestic violence.” According to a news

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Safeguard from inflation for taxpayers advanced by New Jersey Senate committee

(The Center Square) – Legislation sponsors say will keep New Jerseyans from paying taxes in a higher tax bracket because of inflation has been advanced by the Senate Budget & Appropriations Committee. The measure, S-676, “indexes for inflation the taxable income brackets under the New Jersey gross income tax.” Under the proposal, state officials would revise tax brackets annually. The bill “will protect New Jerseyans from paying higher income taxes due to inflation and provide