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NJ governor Phil Murphy, leaders agree on $2B in property tax relief
TRENTON, N.J. - Two million New Jersey property taxpayers and renters will get a tax break worth up to $1,500 under a deal Gov. Phil Murphy and fellow Democrats in the Legislature unveiled Wednesday.The $2 billion program comes thanks to flush state coffers and amounts to lowering the roughly $9,300 average property tax bill for many to $7,800, a level not seen in more than a decade, Murphy said.Murphy, Assembly Speaker Craig Coughlin and Senate President Nicholas Scutari spoke alongside one another in South Brunswick and said part of their deal includes an agreement to continue the program in the future, meaning it won't offer relief for only a single year.