NJ Budget Details: What Made it Into the Final Spending Bill? What Didn’t?

A structural gap between projected annual revenues and expenditures will also now grow to over $2 billion during the new fiscal year, according to the latest budget documents.

Meanwhile, the fiscal year 2025 budget also appropriates another $27.5 billion in federal resources, pushing the total amount of fiscal year spending backed by both state and federal funds up to $84 billion.