Gov. Murphy’s Budget Address for Fiscal Year 2020 (starting July 1, 2019) will take place in the Assembly Chamber at the Statehouse at 2:00 PM. It will be broadcast live here, and possibly on other sites.
Yesterday Murphy said, “New Jersey deserves a budget built upon the values that can deliver a more secure and growing middle class – sustainable savings, responsible fiscal management, smart and targeted investment, and fairness.”
His topics are likely to include increasing taxes on the most affluent, reduced spending on healthcare, pension payment increases, public schools and community colleges to receive additional funding, a larger surplus and more.
Afterward the budget goes to the Legislature where negotiations between the two branches commence.