What You Should Know
The state's leading democratic leaders held a press conference on Friday afternoon saying there was still no budget
The state budget must be on Saturday by midnight to avoid a government deadlock the second in a row
The biggest issue was how much should be increased
Time is running fast for New Jersey to say goodbye to a balanced budget, as the top Democrats of the state still have not reached a deal on Friday afternoon ̵
Democratic Assembly spokesman Craig Coughlin said legislators would work towards a compromise, but Governor Phil Murphy, a Democrat, was unwilling to do so.
"I'm sorely disappointed we made it" It's not possible for us to reach an agreement with the governor today, "Coughlin said in a press conference on Friday afternoon.
Senate chairman Steve Sweeney shared similar views Legislators have "proven time and again that our budget meets all constitutional requirements." "We wanted to find a solution here," but Murphy was unwilling to compromise.
"We have a budget that we are proud of, but that it was destroyed," said Sweeney. It was a one-sided, bona fide effort. "
Legislators said their proposed budget was physically sound.
Majority Leader in the Senate Loretta Weinberg Weinberg claimed she was" personally disappointed However, Murphy said in a subsequent and separate press conference, "There was a glimmer of hope", that an agreement can be reached before the deadline stating that he is unlike the what was said was always ready to compromise.
"I'm ready to compromise and have always worked on solutions that we use, which I do not want to compromise, is the need for a truly sustainable solution to a 'deal that weakens our future," Murphy said.
Lt. Gov. Sheila Oliver shared similar sentiments by saying that Murphy "went from his initial position to every single element" in the budget, which shows that it is open to compromise and a solution.
The Democratic government has until midnight Saturday to pass a balanced state budget, without which state parks, public beaches and government offices would suffer a stalemate.
The greatest difference of opinion exists in how to pay for a budget of nearly $ 37 billion.
how much taxes to increase Democratic governor wants to raise the income tax rate to 10.75 percent for people earning more than $ 1 million.
In addition, Murphy offered to raise VAT from 6,625 percent to 7 percent over two years, as well as increasing corporate taxes, as long as the rate remains below the nation's highest tax of 12 percent.
Sweeney said late Friday that legislators offered an income tax of 9.95 percent over $ 5 million, but the governor
"What we have presented today is that the richest among us have to pay their fair share "Weinberg said, adding that she hopes the governor will change his mind.
But Oliver says the idea of taxing millionaires only if they make $ 5 million or more is offensive.
"To offer on the table that you are willing to tax millionaires, but only if you make $ 5 million a year, I think that's an affront working-class family, I think it's an insult to any disadvantage Community in this state and I think that it shows that the legislature focuses on the wrong, "she said.
Murphy said rising taxes only for those millionaires who earn at least $ 5 million leaves 21,000 other millionaires in New Jersey without a tax hike.
Offers were back and forth this week, but so far there has been no agreement.
"I'm not here for political opportunity, I'm here to fix our state and fix it once and for all," Murphy said.
Communication Workers of America members supported Murphy's budget with signs and slogans.
A balanced budget must be available by midnight on Saturday.
The governor and legislators say they will continue to meet as they have one more day to work out an agreement
If the government closes, it will be the second year in a row that it will be the third in In the last year, under then Governor Chris Christie, the government concluded a large part because Christie insisted the state's largest health insurer helps treat opioid dependence.
When government arrests take place, state parks and beaches will be closed on Sunday, and the rest stops on the Garden State Parkway and rest areas on the Atlantic City Expressway will close on Sunday. State courts, motor vehicle commissions and inspection bodies, tax offices, birth and marriage certificates and non-essential state offices will close on Monday.
If a budget is not enforced, casinos can stay open for up to seven days previously.
Copyright Associated Press / NBC New York