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Murphy seeks record $44.8 billion election-year N.J. budget Elise Young, Bloomberg FacebookTwitterEmail New Jersey Gov. Phil Murphy seeks a record $44.8 billion budget,a plan that includes one-time tax-relief payments to 760,000 households, broader eligibility for senior prescription and child-health programs, expanded free college, and down-payment assistance for first-time home buyers. Phil MurphyBloomberg photo by Angus Mordant New Jersey Gov. Phil Murphy, D, proposed a record $44.8 billion in spending in his election-year budget, seeking no new taxes or major cuts while funding more assistance for middle-and low-income voters and the state s first full pension contribution in more than 25 years. Many of Murphy s fiscal priorities will appeal to the public employee unions that helped get the Democrat elected in 2017. Now seeking a second term in November, Murphy is planning for one-time tax-relief payments to 760,000 households; broader eligibility for senior prescription an

United statesNew jerseyElizabeth muoioSteve orohoChris christiePhil murphyDeclan oscanlonSenate republican budgetGoldman sachs group incMilliman incNational conference on public employee retirement systemsCommunications workers of americaMurphy photoBloomberg photo by angus mordantTreasurer elizabethGoldman sachs group