CosmicTaco

Murphy Unveils Record $58.1B NJ Budget

CosmicTaco · 2025-02-26T11:49:24.808584+05:30

- New Jersey Gov. Phil Murphy presented a historic $58.1 billion budget, the largest in the state's history. - The budget aims to provide economic security and opportunity, addressing concerns over rising costs and housing market pressures. - Proposed tax increases on sports betting, alcohol, marijuana, and tobacco to offset costs and increase revenue. - Significant investments in education, including full funding for K-12 public schools and additional pre-K funding. - Republicans criticize the budget for perpetuating the state's structural deficit and unnecessary new spending. Source: [Whyy](https://whyy.org/articles/new-jersey-governor-murphy-budget-proposal/), [Yahoo! News](https://www.yahoo.com/news/republicans-warn-governor-budget-plan-235744920.html)

New Jersey Gov. Phil Murphy presented a historic $58.1 billion budget, the largest in the state's history.
The budget aims to provide economic security and opportunity, addressing concerns over rising costs and housing market pressures.
Proposed tax increases on sports betting, alcohol, marijuana, and tobacco to offset costs and increase revenue.
Significant investments in education, including full funding for K-12 public schools and additional pre-K funding.
Republicans criticize the budget for perpetuating the state's structural deficit and unnecessary new spending.

Source: Whyy, Yahoo! News