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Murphy proposes $49B budget -- no new taxes, more school aid

Governor also said ‘full’ payments will continue to be made into the pension system

03/08/2022

NJ Spotlight News

Murphy proposes $49B budget -- no new taxes, more school aid

Clip: 3/8/2022 | 6m 6sVideo has Closed Captions

Governor also said ‘full’ payments will continue to be made into the pension system

With state coffers flush with cash, Gov. Phil Murphy proposed a nearly $49B spending plan — about 5% more than the budget for the last fiscal year — that includes no new taxes or fees. Murphy addressed the full Legislature in person at the State House for the first time in two years. The main themes in his budget message were fiscal responsibility and affordability for hard-pressed taxpayers.

03/08/2022

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NJ Spotlight News is a local public television program presented by THIRTEEN PBS

As Russia invades, Biden bans import of Russian oil and gas

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Breaking down Murphy's Budget Address for 2023 fiscal year

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Clip: 3/8/2022 | 5m 30s | Murphy wants to spend $48.9 billion, a record for a state budget (5m 30s)

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