Jelani Gibson

3 weeks ago | nj.com | Susan Livio |Jelani Gibson

New Jersey’s finances are holding steady at the moment, but if spending continues at this rate, the state will deplete almost all of its $6.3 billion surplus account within the next two years, budget analysts said Tuesday. In the first hearing on Gov.

1 month ago | msn.com | Susan Livio |Jelani Gibson

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1 month ago | nj.com | Susan Livio |Jelani Gibson

Gov. Phil Murphy’s final state budget calls for spending a record $58.1 billion, which preserves property tax relief and continues public worker pensions payments but also seeks $1.2 billion in fees and taxes on items such as alcohol, cigarettes, luxury homes and internet gambling. Murphy’s budget plan for the 2026 fiscal year that begins July 1 would spend $1.2 billion more in taxpayer funds than it is projected to take in.