Updated: Aug 6
Assembly Speaker Coughlin Wants to Use Billions in Surplus for ‘Biggest Tax Relief Plan’ in NJ History
May 20, 2022 | newjersey.news12.com
Lawmakers in Trenton have just over a month to decide what to do with billions in unexpected revenue.
New Jersey’s politicians have a variety of ideas on how to spend the windfall of money. Democratic Speaker Craig Coughlin has said he wants “the biggest tax relief plan in the history of the state." But until Friday he had offered up few details.
The Assembly speaker spoke exclusively with News 12 New Jersey to explain his ideas.
NJ SEED: To many citizens a $12 BILLION surplus suggests that the state is taxing excessively. Returning some of that excess would be welcome relief against runaway inflation.