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Phil Murphy - NJ property tax relief: Here's how much you'll get back this year - fox29.com - state New York - state New Jersey - city Newark, state New Jersey - city Albany
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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.
Phil Murphy - Andrew Lichtenstein - New Jersey recreational marijuana sales expected to begin 'within weeks,' report says - fox29.com - New York - state New Jersey
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New Jersey recreational marijuana sales expected to begin 'within weeks,' report says
(Photo by Andrew Lichtenstein/Corbis via Getty Images) TRENTON, N.J. - New Jersey officials have given approval to seven companies to sell recreational marijuana to adults meaning sales could start within weeks, according to The New York Times. The move comes more than a year after voters overwhelmingly approved a ballot question to legalize adult use of the drug.Early last year, Democratic Governor Phil Murphy signed legislation to set up a recreational marijuana marketplace. At the time of the signing, Murphy explained that by establishing a recreational marijuana marketplace, the economy statewide would flourish as new jobs would be created.On Monday, New Jersey’s Cannabis Regulatory Commission, made up of five members, gave seven medical-marijuana companies final approval to start selling their products to all adults, according to NYT. The development makes New Jersey only the second state on the East Coast to fully authorize cannabis sales to all adults. The seven companies are permitted to begin selling recreational cannabis for adult use as soon as each company pays more than $1 million in fees associated with the expanded licenses and meets other requirements to obtain the license. ___DOWNLOAD: FOX 29 NEWS APPSUBSCRIBE: Good Day Digest Newsletter | FOX 29 Philly on YouTubeAdvertisementFOLLOW: Facebook | Instagram | Twitter
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