"10 Things Gov. Corzine Hopes You Forget About the 2010 Budget"

From our friends at In The Lobby:

1) More than 1.2 million fewer New Jerseyans will receive rebate checks.

2) Taxes are increased by $1.2 billion.

3) Income tax rates will rise from 6.37 percent to 8 percent on household income between $400,000 and $500,000; from 8.97 percent to 10.25 percent for income between $500,000 and $1 million, as first proposed in March; and from 8.97 percent to 10.75 percent on income over $1 million.

4) Cigarette taxes are going up 12.5 cents per pack to $2.70.

5) Taxes are going up by 3.5 cents on a typical 0.75 liter bottle of wine and 22 cents on a 0.75 liter bottle of liquor.

6) Businesses will continue to pay a 4 percent surcharge on their corporate taxes that has been charged for three years but was supposed to expire.

7) Taxes on group accident and health insurance premiums will go up for one year. Taxes on high-risk insurance policies, such as beachfront homes, will jump permanently from 3 percent to 5 percent.


8) Taxes are increased on lottery winnings of more than $10,000.

9) The budget skips some $2.2 billion in pension payments.

10) The budget relies on more than $2.2 billion in federal stimulus money that won't be available next year, leaving a hole to fill next year.