New Jersey Governor Phil Murphy has announced his budget plan for the upcoming fiscal year, with a price tag of $53 billion, in a speech that he titled “Next New Jersey.”
$53 Billion ‘Next New Jersey’
The budget proposal includes increased spending on education, healthcare, and environmental programs. Murphy also intends to address the state’s pension system, which has been underfunded for years.
During his speech, Murphy emphasized the importance of investing in New Jersey’s future, stating that “Next New Jersey” requires bold investments in areas like education and healthcare, which will not only benefit residents but also attract businesses and create jobs.
Murphy’s “Next New Jersey” budget proposal is aimed at improving the lives of New Jersey residents while also attracting new businesses and investment to the state, according to a published article in POLITICO.
Murphy’s Speech on ‘Next New Jersey’
Governor Murphy’s speech on “Next New Jersey” touched on a wide range of issues affecting the state, including healthcare, education, and the environment.
In a published article in CBS News, the proposed budget includes funding for programs aimed at improving access to healthcare, particularly mental health, and addiction treatment. Murphy also plans to increase spending on K-12 education and provide free community college to eligible students.
In addition, the budget in New Jersey includes funding for environmental initiatives, including clean energy programs and the restoration of the state’s water infrastructure. Murphy also pledged to address the state’s pension system, which he called a “moral obligation” to current and retired public workers.