
02/25/2025
Budget Proposes Record-High Property Tax Relief and School Funding
Maintains Commitment to Fiscal Responsibility with $7.2 Billion Full Pension Payment and $6.3 Billion Surplus
TRENTON – Governor Phil Murphy delivered his ninth and final budget address on Tuesday, outlining spending priorities for Fiscal Year 2026 (FY2026) to deliver economic security and opportunity to every New Jerseyan and ensure the state continues to be well prepared for the future. The budget proposal builds upon the Administration’s historic investments in expanding affordability, supporting the next g...
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