BUSINESS REPORT

Murphy’s tax incentive ideas win support from urban mayors

BY Rhonda Schaffler, Correspondent |

Many of New Jersey’s big city mayors are now endorsing Gov. Phil Murphy’s tax incentive proposals. The governor’s plan would replace the state tax incentive programs that expired last summer, and include a focus on revitalizing cities.

But the governor’s renewed push for a state bank is running into trouble. State Senate President Steve Sweeney says he still doesn’t support it. Republican legislative leaders aren’t backing it either.

A potential merger in the financial industry could impact workers in New Jersey. Media reports say Charles Schwab and TD Ameritrade are in merger talks. If a deal happens, the consolidation could lead to cost cutting.

And you’ll have to wait a little longer to take a ride on the lazy river at the DreamWorks Water Park at the American Dream Mall. Next week’s planned opening has been delayed.