N.J. Gov. Phil Murphy proposes $58 billion budget

Gov. Murphy proposes record spending, new taxes and fees in his final N.J. budget
The governor's proposed state budget has a $6.3B surplus. But huge proposed federal Medicaid cuts could wipe that out.
What's next for ANCHOR, StayNJ and Senior Freeze in Phil Murphy's proposed 2026 NJ budget?
Property tax relief programs that have made headlines during Gov. Phil Murphy’s term will continue to receive funding in his final budget proposal.
NJ Governor Proposes $58.1 Billion Budget That Slashes Spending
On Tuesday, he unveiled a $58.1 billion blueprint for the fiscal year that begins July 1 that caps new discretionary spending. Murphy’s budget proposal for his final term also increases funding for the state’s public transit system and contributes $7.2 billion to its underfunded pensions.
N.J. Gov. Phil Murphy proposes $58 billion budget, with record funding for NJ Transit
New Jersey Gov. Phil Murphy delivered his final budget address on Tuesday as he wraps up his second term in office.
Here’s what Gov. Murphy wants to spend on in his final New Jersey budget
For one last time, Governor Phil Murphy delivers his budget address. He’s proposing just over $58 billion for fiscal year 2026 to help schools, transit, and the next generation of New Jerseyans. “Though we have come far in this journey,
Gov. Murphy unveils $58.1B budget amid federal funding uncertainty
Gov. Murphy unveiled the budget during a speech to a joint session of the Democratic-led Legislature as he enters his final year in office. Primary campaigns to succeed him are already underway.
New Jersey’s budget could need a ‘break the glass’ strategy for Trump and DOGE
Gov. Phil Murphy's spending plan does not predict what cuts President Donald Trump, DOGE or a Republican Congress may make, ...
New Jersey governor unveils $58.1B budget amid federal funding uncertainty
New Jersey Democratic Gov. Phil Murphy has unveiled a nearly $58.1 billion budget, the final spending plan of his two terms ...
In the Trump Era, Crafting a State Budget Becomes More Complicated
Last week, the bipartisan National Conference of State Legislatures warned that any dip in Medicaid funding could lead to ...
Murphy's budget proposal includes $1M for Platkin's legal war against Trump's orders
Gov. Phil Murphy's proposed 2026 budget includes up to $1 million in funding to support Attorney General Matthew Platkin's ...
Murphy’s budget gets mixed response as millions meant for ‘clean’ climate are sent to NJ Transit
Phil Murphy‘s final state budget proposal, climate advocates in New Jersey certainly looked at the funding dedications ...
New Jersey Globe12h
More about the Murphy Budget
The following information was provided by the Office of the Governor: Governor Phil Murphy delivered his ninth and final ...
The Press of Atlantic City10h
New Jersey eyes tax hikes on sports betting, weed and guns in $58B budget plan
Gov. Phil Murphy wants to raise taxes on internet gambling and sports betting to help dig New Jersey out of a budget hole.
N.J. Gov. Murphy wants big bucks in budget to fight Trump in court
Gov. Phil Murphy wants to give New Jersey’s leading law enforcement agency another $1 million to hire more help for its court ...