New Jersey’s new Democratic governor is finding that, even with his party in full control of Trenton, raising taxes in one of the country’s highest-taxed states is no day at the beach. Phil Murphy, who took office in January, has proposed a $37.4 billion budget. He wants to raise $1.7 billion in new taxes and other revenue to pay for public schools, public-employee pensions and other priorities.

Source: Wall Street Journal May 28, 2018 12:56 UTC