NJ governor proposes tax hikes, legal marijuana in first budget

TRENTON (Reuters) - New Jersey Governor Phil Murphy presented his first budget on Tuesday for $37.4 billion, turning sharply from the previous administration with proposals to hike taxes on millionaires, close loopholes for hedge funds and big businesses, legalize recreational marijuana and phase in free community college.

from Reuters: U.S. http://ift.tt/2Dp19Zy