News Flash

Budgeting

Posted on: June 30, 2021

State FY 22 Budget Signed

Today, Governor Phil Murphy, along with legislative leaders and cabinet members gathered in Woodbridge for the signing of the 2022 Fiscal Year State Budget, which appropriates $46.3 billion in state funds and $6 billion in federal funds. This year’s budget includes an extensive list of allocations, including a full payment to the state pension system for the first time since 1996, property tax relief and community affairs funding, and number of other grants in aid allocations.

Contact: Andrew LaFevre Legislative Analyst, alafevre@njlm.com, 609-695-3481 x116.

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