TRENTON, NJ—New Jersey Gov. Phil Murphy in his State of the State address on Tuesday proposed a number of economic development and tax initiatives, including a millionaire's tax and a jobs training program called "Jobs NJ" as well as a plan to fix its much-maligned economic incentive program.
Another key business-related focus of the Murphy Administration will be improving NJ Transit. In his second State of the State address, Murphy said he is not giving up on enacting a "Millionaire's Tax" to ease the property tax burden on the state's middle-class and seniors and to help fund the state's public school system.
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