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Gov. Murphy Unveils Bold Budget to Help All New Jerseyans Succeed

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Yesterday, Gov. Murphy laid out his “Next New Jersey” budget that builds on the successes of the governor’s leadership in office and charts a path of opportunity for all people in the Garden State.

Gov. Murphy’s budget centers on ​​affordability, responsibility and opportunity. It would give homeowners direct relief on their property taxes, provide the highest level of school funding in state history, and double the child tax credit to up to $1,000 per child for working and middle class families — all without raising taxes or increasing fees.

Read about Gov. Murphy’s bold budget proposal to help create the Next New Jersey: 

  • Politico: “Loaded with billions to cut another round of rebate checks to taxpayers, stockpile savings and pay down debt, the spending plan is once again the biggest in state history, but does not include new taxes or fare increases for NJ Transit riders.”
  • NBC Philadelphia: “The governor also aims to renew a property tax rebate program for a second year, part of his push to cast the state as more affordable…Continuing last year’s assistance for renters, those making up to $150,000 would get $450. The program would help an estimated 1.5 million households.”
  • NorthJersey.com: “In addition to proposing no new taxes and promising to continue funding New Jersey’s pension system and school funding formula, Murphy made it known he intends to reform the state’s current liquor license policy and to invest in infrastructure projects for both NJ Transit and municipalities.”
  • The Press of Atlantic City: “Murphy’s proposed budget will expand access to veterans services, specifically in urban centers and rural areas, raising the number of offices and personnel services to reach all 21 counties…The inclusion is a new initiative the Murphy administration is undertaking. The proposed budget reflects an overall increase in support for veterans services statewide.”