Gov. Murphy signs record $46.4B budget, boosting spending by 15%
Credit: Phil Murphy via Flickr
TRENTON, N.J. - New Jersey Gov. Phil Murphy has signed a record $46.4 billion budget, sending out checks of up to $500 to 760,000 families, making an almost $7 billion pension payment and boosting overall spending by 15% over last year.
Murphy, a Democrat, signed the budget Tuesday alongside other officials and lawmakers and hailed the spending plan as the the "dawn of the new post-COVID day."
The budget passed the Democrat-led Legislature along partisan lines.
Republicans objected, saying the higher spending was unsustainable going forward.
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