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The mission of the New Jersey Department of the Treasury is to formulate and manage the state's budget, generate and collect revenues, disburse the appropriations used to operate New Jersey state government, manage the state's physical and financial assets, and provide statewide support services to state and local government agencies as well as the citizens of New Jersey.
New Jersey has a 6.625% state sales tax, which was cut in steps from the previous rate of 7%. All revenues are deposited in the State Treasury for general state use; nothing goes to municipalities. In urban enterprise zones , the state sales tax is cut in half to encourage economic development, resulting in an effective tax rate of 3.3125%.
The government of the State of New Jersey is separated into three distinct branches: legislative, executive, and judicial. The powers of the State of New Jersey are vested by the Constitution of New Jersey, enacted in 1947, in a bicameral state legislature (consisting of the General Assembly and Senate ), the Governor, and the state courts ...
The Judiciary of New Jersey comprises the New Jersey Supreme Court as the state supreme court and many lower courts.. New Jersey's judiciary is unusual in that it still separates cases at law from those in equity, like its neighbor Delaware but unlike most other U.S. states; however, unlike Delaware, the courts of law and equity are formally "divisions" of a single unified lower court of ...
The $56.6 billion budget signed by Gov. Phil Murphy Friday evening includes $220 million for StayNJ, a tax break for seniors designed to help older residents remain in New Jersey.. Though the new ...