state New Jersey state New Jersey

Gas prices continue to fall in New Jersey, around nation at large

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TRENTON, N.J. - Gas prices continued to fall in New Jersey and around the nation amid lower crude oil prices and an increase in total domestic gasoline stocks.AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $4.85, down nine cents from last week.

Drivers were paying $3.14 a gallon on average a year ago at this time.The national average price for a gallon of regular gasoline was $4.84, down eight cents from last week.

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Phil Murphy - NJ property tax relief: Here's how much you'll get back this year - - state New York - state New Jersey - city Newark, state New Jersey - city Albany
NJ property tax relief: Here's how much you'll get back this year
A plane is seen flying over Market Street heading towards Newark International Airport in Newark, New Jersey, (Ron Antonelli/Bloomberg via Getty Images) NEW JERSEY - The new budget signed into law last month by Gov. Phil Murphy will provide $2 billion in property tax relief for homeowners and rebates for renters.Under the new ANCHOR or Affordable New Jersey Communities for Homeowners and Renters program, which replaces the Homestead Benefit program, more than 1.15 million homeowners will receive credit toward their property taxes. More than 900,000 renters, who were never a part of the Homestead program, will receive rebate checks.The benefits were phased in beginning July 1 instead of over three years so that checks could be mailed sooner.Get breaking news alerts in the free FOX5NY News app!  |  Sign up for FOX 5 email newslettersFor the more than 870,000 homeowners across the state with a household income of under $150,000, a $1,500 property tax benefit will be applied each year.For the more than 290,000 homeowners with a household income of between $150,000 and $250,000, a $1,000 property tax benefit will be applied each year.And the more than 900,000 renters with incomes of up to $150,000, will receive checks each year of $450 to help offset rent increases caused by increasing property taxes.Based on the budget, a middle-class family receiving $1,500 in ANCHOR relief will see their average property burden reduced to a level not seen since 2012.  After days of delays, lawmakers in Albany have reached a deal in principle on the New York State budget.