Gov. Murphy signs record $46.4B state budget, boosting spending by 15%

As part of the budget, 760,000 families will be receiving checks of up to $500 to offset property tax payments.

News 12 Staff

Jun 29, 2021, 9:32 PM

Updated 1,028 days ago

Share:

Gov. Murphy signs record $46.4B state budget, boosting spending by 15%
Gov. Phil Murphy has signed a record $46.4 billion state budget.
The governor signed the budget Tuesday alongside other officials and lawmakers and hailed the spending plan as the “dawn of the new post-COVID day.”
As part of the budget, 760,000 families will be receiving checks of up to $500 to offset property tax payments. The budget also includes an almost $7 billion pension payment and will boost overall spending by 15% over last year.
The budget passed the Democrat-led Legislature along partisan lines. Republicans objected, saying the higher spending was unsustainable going forward.
The Associated Press wire services contributed to this report.


More from News 12