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Essex County urges state to restore corporate business tax surcharge to shore up NJ Transit
Summary
The Board approved Resolution 48 urging New Jersey lawmakers to extend the corporate business tax surcharge as a dedicated revenue source for NJ Transit; a housing and transit advocate told commissioners the lapse drained $1 billion annually and left NJ Transit facing roughly an $800 million shortfall.
Essex County commissioners voted to adopt a resolution urging state officials to extend the corporate business tax (CBT) surcharge and dedicate the revenue to New Jersey Transit and infrastructure projects.
The board moved to consider Resolution 48 by acclamation and approved it unanimously. Commissioner Gill, a sponsor, said the county’s economy and residents are particularly exposed to cuts in transit service because of high population density and proximity to…
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