New Jersey Governor Phil Murphy proposed more than $1 billion in new taxes and $4 billion in borrowing to support spending after coronavirus sent revenue plunging.

New Jersey Governor Phil Murphy proposed more than $1 billion in new taxes and $4 billion in borrowing to support spending after coronavirus sent revenue plunging. https://t.co/YlHlmCo8Oi

— Bloomberg Tax (@tax) August 26, 2020