Signs of progress on legislative front
Instead of an excise tax that could be anywhere from 12 percent (Senate President Stephen Sweeney’s stated cap) up to 25 percent (Murphy’s initial offer), there would be a consistent rate based on the amount of the sale no matter what the price is.
Also seen as a positive: Murphy naming George Helmy to be his new chief of staff.
However, another industry insider did not share the rosy outlook.