Trump's SALT Cap Is a Hurdle for Balanced N.J. Budget, S&P Says

S&P said New Jersey income-tax revenue was down 4.8 percent in January -- and 6 percent so far for the fiscal year ending in June.Governor Phil Murphy, who last year avoided a last-minute state shutdown after fellow Democrats rejected his higher sales tax and levies on millionaires, is set to make his fiscal 2020 budget address on March 5.