New Jersey governor signs budget taxing firms making over $10 million

TRENTON, New Jersey: New Jersey Governor Phil Murphy has signed a US$56.6 billion state budget, which includes tax increases on corporations making over $10 million annually.

The budget aims to fund the state's transit agency, bolster education, and provide property tax relief.

The Democrat-led Legislature passed the budget just hours before the governor signed it, two days before the constitutional dead