N.J. property tax relief, big pension payment, tax holidays coming soon under $50.6B budget deal

Gov. Phil Murphy and his fellow Democrats who control the state Legislature came to an agreement Monday on a whopping $50.6 billion state budget for New Jersey less than four days before the new fiscal year begins July 1. It features several affordability measures, including a new $2 billion property tax relief initiative, a child tax credit program and a 10-day tax holiday on back-to-school …