This is the best tl;dr I could make, original reduced by 53%. (I'm a bot)NEW YORK - New Jersey Governor Phil Murphy struck a last-minute budget deal on Saturday, ending threats of a government shutdown that had raged for weeks as he struggled to reach an accord with members of his own party.Thousands of state workers faced furlough - as happened last year when the state government shut down for only the second time in New Jersey history.In the new budget for fiscal 2019, which began on July 1, taxes on millionaires will rise to 10.75 percent from 8.97 percent to help raise revenue for education, transportation and public pensions.Lawmakers repeatedly approved a similar "Millionaires tax" in the past - rejected by Christie - but now they worry such hikes could drive away the wealthy after federal tax law changes this year limited certain deductions.Murphy had proposed a $37.4 billion budget that relied on $1.6 billion of tax hikes altogether.After balking at the millionaires tax and other proposals, the legislature sent Murphy its own $36.5 billion budget on June 21.Summary Source | FAQ | Feedback | Top keywords: Murphy#1 NEW#2 tax#3 budget#4 state#5Post found in /r/news and /r/POTUSWatch.NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
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