As he prepares to unveil his new state budget proposal next month, Gov. Phil Murphy is promising New Jerseyans will see “absolutely no new taxes” as well as “significant tax cuts.”

The Democratic governor also says he wants to renew a property tax relief program installed last year and will let a surcharge on the state’s corporate business tax expire.

During an interview with Bloomberg TV on Thursday, Murphy was asked if he can pledge no new taxes in New Jersey, the same way New York Gov. Kathy Hochul, a fellow Democrat, did during a speech earlier this week.

By Antoni

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