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New fiscal year: Here's what taxes go up July 1

New fiscal year: Here’s what taxes go up July 1
July 1, 2021
4:36 pm
Starting July 1, New Jersey employers and workers will start paying back into the state unemployment system, which paid out tens of billions of dollars in benefits amid the COVID-19 pandemic.
The rates are spread over the course of three years to avoid a sticker shock for employers and a bill amounting to hundreds of millions of dollars. Both the employee and the business are on the hook for that tax money.
A clean-up bill sent to Gov. Phil Murphy’s desk on June 30 – Senate Bill 3714 – ensures that nonprofits have access to that same extended schedule. ....

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Murphy approves record-high $46.4B state budget

Murphy approves record-high $46.4B state budget
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