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

New Jersey governor unveils $58.1B budget amid federal funding uncertainty
New Jersey Democratic Gov. Phil Murphy unveiled the final budget of his two terms in office Tuesday, a nearly $58.1 billion proposal that includes more money for schools and public transit but could be upended by uncertainty over federal funding.
N.J. Gov. Phil Murphy proposes a record $58.1B budget, but federal funding uncertainty is a concern
Gov. Phil Murphy’s proposed spending includes continued property tax relief and full funding for K–12 education. Concerns about federal funding remain.
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 proposes record spending, new taxes and fees in his final N.J. budget
Gov. Phil Murphy’s final state budget proposal calls for spending a record $58.1 billion, which would preserve property-tax relief and continue full public-worker pensions payments but also seek $1.2 billion in fees and taxes on items such as alcohol,
New Jersey’s budget could need a ‘break the glass’ strategy if GOP makes cuts
Gov. Phil Murphy's spending plan does not predict what cuts President Donald Trump, DOGE or a Republican Congress may make, ...
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
Regarding increasing funding for NJ Transit, Murphy said Tuesday “with our proposed budget, we are going to move forward in ...
New Jersey Globe10h
More about the Murphy Budget
The following information was provided by the Office of the Governor: Governor Phil Murphy delivered his ninth and final ...
Watch Gov. Murphy's budget address for 2026 live here
Gov. Phil Murphy will deliver his New Jersey budget proposal for fiscal year 2026 at about 3 p.m. Tuesday. You can watch the budget address live in the video above, on YouTube, or on our Facebook and ...
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 ...
The Press of Atlantic City10h
Murphy: Raise taxes on internet gambling and sports betting to help fix New Jersey budget
Gov. Phil Murphy wants to raise taxes on internet gambling and sports betting to help dig New Jersey out of a budget hole.