Tax and Spending Increases Mark Murphy’s Final NJ Budget Plan

Gov. Phil Murphy is proposing a state budget that calls for increased spending in several key areas, including K-12 public schools, mass transit, direct property-tax relief benefits and public-worker pension funds.

The overall $58 billion fiscal plan Murphy unveiled on Tuesday (2/25) also counts on the state collecting more money from a series of proposed tax and fee hikes the governor is asking lawmakers to approve ahead of legislative elections in the fall.