Governor Phil Murphy is proposing a $41 billion budget plan for New Jersey.
He said it’s a spending plan that’s focused on helping the middle class, improving the solvency of the pension system and investing in NJ Transit.
“Since taking office, we’ve sought to build a stronger and fairer economy for every New Jersey family, not just the wealthy or well-connected. From fighting for tax fairness to boosting funding for our public schools to stabilizing property taxes, I’m proud to say that our budget prioritizes the needs of all our residents,” Murphy said.
The governor is continuing his push for a millionaire’s tax. He also wants to raise taxes on cigarettes sold in the state to equal rates already in place in New York and Connecticut.
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