Gov. Phil Murphy unveiled an ambitious progressive agenda Tuesday when he pulled back the curtain on his $37.4 billion state budget proposal.

The spending plan is a $2.7 billion jump over the state's last budget signed by former Gov. Chris Christie, a Republican.

Murphy, a Democrat, wants to, among other things, fully fund schools and the state's ailing pension system. Other items include free community college for some residents and boost funding for NJ Transit.

Of course, all of that takes money.

Murphy's blueprint includes some $1.6 billion in new taxes to fund his ambitious agenda.

Here's a closer look at what New Jerseyans could spend more on if the new governor has his way:

MILLIONAIRES TAX

Murphy wants a 10.75 percent marginal tax rate on income over $1 million. His office estimates the state would get about $765 million in new revenue from the tax hike, which is about $100 million higher than previous estimates have pegged the tax increase at.

SALES TAX

Murphy wants to restore the sales tax to 7 percent.

In 2016, Democrats struck a deal with Christie to cut the sales tax in exchange for an increase in the state's tax on gasoline to fund an exhausted Transportation Trust Fund. The sales tax decreased from 7 percent to 6.875 percent on Jan. 1, 2017, and to 6.625 percent this January.

Murphy wants to roll the cut back to 7 percent.

UBER, LYFT and AIRBNB

Right now when you take a trip on a ridesharing service like Uber or Lyft, or book a night at someone's house or apartment with Airbnb, you don't pay any sales tax. Murphy proposes the state get rid of that exemption.

ONLINE SALES

The state would also close a loophole for certain online sales where the seller has no nexus in New Jersey.

RECREATIONAL MARIJUANA

Murphy included $60 million in excise and sales tax revenue collection from the sale of recreational marijuana in his budget. Of course, the state Legislature first needs to send him a bill to legalize it.

But if that happens, it'll get taxed: a 25 percent excise tax, plus the sales tax. If Murphy's sales tax increase goes through, that would be 32 percent.

CLOSE CORPORATE LOOPHOLES

It's not a new tax as much as stricter enforcement of a tax on the books.

Murphy wants to thwart businesses trying to dodge their state corporation business taxes. He also wants to tax the performance fees earned by private equity and hedge fund managers. Taxing carried interest, according to the budget, will generate $100 million, according to the administration.

NJ Advance Media staff writer Samantha Marcus contributed to this report.

Matt Arco may be reached at marco@njadvancemedia.com. Follow him on Twitter @MatthewArco or Facebook.