Have You Heard About the $1 billion State Tax Cut?
Below are the state’s revenue projections for this year and for 2009 from New Jersey’s 2008 budget. As you can see, the state will take in $948 million more revenue for 2009 than 2008. Since Corzine promises not to spend more than last year, taxpayers are due a big tax cut in 2009. Why haven’t we heard more about this?