Gov. Murphy signs record $46.4B budget, boosting spending by 15%

Credit: Phil Murphy via Flickr

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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