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New Jersey governor unveils $58.1B budget amid federal funding uncertainty

New Jersey Democratic Gov. Phil Murphy unveiled a nearly $58.1 billion budget proposal with more funding for schools and public transit but uncertainty over federal funding could upend it.
Murphy said the budget fulfills campaign promises like fully funding the state worker pension and boosting K-12 education spending while also allocating new tax dollars for New Jersey Transit.
The proposal comes amid a federal funding freeze and congressional debate over spending which could put about $27.5 billion in federal assistance at risk, particularly for the state-administered Medicaid program.

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WABC

NJ Gov. Murphy Releases 2026 Budget

(Trenton, NJ) — New Jersey Governor Phil Murphy is proposing a 58-billion-dollar budget for the 2026 fiscal year. It’s the largest budget in Garden State history and contains a one-point-two-billion-dollar budget gap. The second-term Democrat, who’s term-limited, said the state has an obligation to deliver economic opportunity and security to all New Jerseyans in the face of everything from escalating housing costs to soaring egg prices. Murphy…

6 days ago

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The Indiana Gazette Online

Gov. Murphy proposes record $58.1 billion budget in final budget address

Lawmakers will now take over the budget revision process, before it is finalized by June 30.

6 days ago·Indiana, United States

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Associated Press News

+14 Reposted by 14 other sources

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 office.

6 days ago·United States

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New Jersey Monitor

Governor Murphy proposes $58.1B budget that raises fees, avoids broad tax hikes

6 days ago

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North Jersey

With chaos in Washington and a structural deficit, Gov. Phil Murphy unveils $58.1B budget

Gov. Phil Murphy delivered his eighth and final budget address Tuesday. The $58.1 billion spending plan will include a structural deficit.

6 days ago·New Jersey, United States

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Telemundo New York (47)

More money for schools and transportation: Murphy reveals budget for New Jersey

NEW JERSEY — The Democratic Governor of New Jersey, Phil Murphy, announced Tuesday the final budget of his two terms, a proposal of almost $58.1 billion that includes more money for schools and public transportation, but that could be disrupted by uncertainty about federal funding. Murphy announced the budget during a speech to a joint session of the Democratic-led Legislature, as he entered his last year in office. Primary campaigns to succeed …

5 days ago

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