Murphy seeks record $44.8 billion election-year N.J. budget
Elise Young, Bloomberg
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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