New NJ Budget: Supporters, Critics Weigh Up Pluses and Minuses

New Jersey begins a new fiscal year with a record amount of funding allocated for K-12 public education and billions of dollars earmarked to offset the state’s highest-in-the-nation local property-tax bills.

The record-high, nearly $57 billion spending plan formally signed into law by Gov. Phil Murphy on Friday night maintains full funding of state government’s public-worker pension obligations, and there’s also a new plan to prop up the finances of New Jersey’s faltering mass-transit agency.