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Page 7 - சட்டசபை பேச்சாளர் கிரேக் இருமல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New tax breaks for NJ college students, senior citizens What to know

Students and senior citizens can expect financial perks under a budget deal announced by state leadership Tuesday.  The agreement would provide two years of free tuition for certain students of public colleges; create new college tax deductions; match college savings payments for low-income families and raise the amount of income excluded from taxes for retirees.  The benefits are included in a proposed $46.4 billion spending plan for the 12-month budget year that begins July 1. Lawmakers budget, outlined in a 280-page bill, was made available to the public late Tuesday afternoon, just minutes before panels of lawmakers in the Senate and Assembly gave it initial approval.

NJ Schools Development Authority to be reorganized after scandal

View Comments The Schools Development Authority, responsible for billions of taxpayer dollars in New Jersey s poorest areas, will be restructured or moved under state control after a political patronage scandal led to mass firings and internal reforms as well as costly lawsuits in the fallout, Gov. Phil Murphy and legislative leaders announced Tuesday.  The unexpected announcement means it could be the second time the authority has been broken up and reconstituted in its two-decade existence. The first time, under Gov. Jon Corzine, followed news reports showing that what was then the Schools Construction Corporation had mismanaged millions of dollars through poor planning, excessive professional fees and lax oversight. 

New Jersey lawmakers advance $46 4B budget minutes after making it public

New Jersey lawmakers advance $46 4B budget minutes after making it public
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