Gov. Phil Murphy wants to raise taxes on internet gambling and sports betting to help dig New Jersey out of a budget hole.
He’s also proposing new or higher taxes and fees on cannabis, alcohol, vapes, drones, guns and ammunition.
“As we all know well, right now, the single-biggest challenge facing the people of New Jersey is that the cost of living is way too high,” Murphy said. “From the farms of Cumberland County to the streets of Jersey City, far too many New Jerseyans are living with deep uncertainty — and anxiety — about their economic future.
“Whether it be the skyrocketing cost of eggs, or a housing market that is hotter than ever, our state’s working and middle class families are worried, on a fundamental level, about being able to make their future in the Garden State,” he said.
