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by Todd DeFeo, The Center Square contributor  | June 22, 2021 05:00 PM Print this article New Jersey Democrats unveiled a fiscal 2022 budget agreement on Monday, one they say provides middle-class tax rebates and property tax relief. However, Republicans say the agreement doesn’t provide substantive tax relief and fails to recognize the state’s precarious financial standing. The announced agreement includes $319 million for $500 tax rebates for more than 760,000 New Jersey families, which proponents say are possible because of the state’s previously enacted “Millionaires Tax.” The agreement also includes updating the base year of the Homestead Benefit to 2017 property tax information, at a cost of $80 million, and it would expand the Veterans Property Tax Deduction to include peacetime veterans, which would cost $15 million. Additionally, it would expand the Child and Dependent Care Credit (CDCC) to families making up to $150,000, at a cost of

New jerseyUnited statesNew jerseyansEliana pintor marinPhil murphySteve sweeneySalem cumberlandPaul sarloSteven orohoSenate budgetAssembly budgetSenate republican budgetAssembly speaker craig coughlinNew jersey democratsHomestead benefitVeterans property tax deduction