Legislative leaders intend to introduce their budget bill on June 17, Assembly Speaker Craig Coughlin told members of his caucus in a closed-door meeting Monday.
The timing lines up. Quorums are scheduled in both chambers on the 17th. Bills must be introduced during a quorum.
A recording of the caucus was provided to the New Jersey Globe by a member of the caucus on the condition of anonymity.
Legislative leadership in both chambers and their respective staffs are meeting daily in the runup to the bill’s introduction, Coughlin said.
Lawmakers are aiming to pass the budget in Assembly and Senate sessions on June 20.
“We’ve begun to have some negotiations around the budget, and we’re working together with the governor and the senate office to have meaningful — and hopefully productive — discussions throughout this week,” Coughlin told reporters Monday. “Our working timeline has been to try to get it done on the next voting session on the 20th.”
It’s not clear how close lawmakers are to a deal with the governor.
As was the case last year, the state’s top elected Democrats are at odds over the millionaire’s tax.
Gov. Phil Murphy wants one.
Coughlin and Senate President Steve Sweeney don’t.
The chances of a millionaire’s tax have become increasingly grim as lawmakers in the Assembly who backed the measure have moderated their stances, saying they would pass a budget that did not include a tax on high earners.
“I have been pretty crystal clear on the notion that this is not the time to have a millionaire’s tax,” Coughlin told reporters Monday.