Governor Phil Murphy says he’ll sign a budget by Sunday’s deadline, avoiding a possible government shutdown in New Jersey.
Murphy had threatened not to sign a state spending plan unless it included a millionaire’s tax. He said the state needed the extra money to provide greater stability to its finances.
However, the state legislature passed a budget without a tax increase on those earning at least $1 million a year, setting up a showdown with the governor.
“Going into our July 4th holiday, I cannot and I will not subject our residents to the inconveniences they would suffer under a government shutdown,” Murphy said.
Murphy said some final details of the budget will be worked out before he signs it.
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