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View Comments Gov. Phil Murphy on Tuesday signed into law a $46.4 billion budget brimming with new spending and pet projects Democratic lawmakers tucked into the spending plan just before they approved it.  The spending plan for the 2022 fiscal year, which begins July 1, is the largest budget in New Jersey history, yet it does not include new taxes. New Jersey s budget represents a remarkable shift in fortunes as it reemerges from the COVID-19 pandemic. A doomsday prediction of revenues by the Murphy administration that led it to borrow $4 billion has proved drastically off the mark, and now the state is flush with a $10 billion surplus, an astronomical amount for a state that is one of the most indebted nationwide and perennially lurches from one fiscal crisis to another. 

Camden countyNew jerseyUnited statesRidgefield parkAnthony buccoLoretta weinbergNilsa cruz perezDustin racioppiPhil murphyPaul sarloBudget committeeAssembly speaker craig coughlinStacey barchenger trenton bureauAmerican rescueCross street schoolChairman paul sarlo