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Weekly Update

March 11, 2022


Governor Murphy delivered his Budget Address on Tuesday, March 8th. The annual Budget Address highlights key funding priorities for the Administration in the upcoming Fiscal Year 2023 budget, which begins on July 1st, 2022. This year's budget marks a 5.3% increase over Fiscal Year 2022, and tax revenues were 10% more than previously expected, supplemented by federal pandemic relief and infrastructure funding. Notably, the Governor's spending proposal will include increased property tax relief for NJ families, the highest level of school funding in State history, the second consecutive full pension payment for the first time in more than a quarter century, and supporting significant investments in affordable housing, higher education, and economic growth with no additional taxes, maintaining a campaign promise from his most recent election.

The $48.93 billion spending plan will set the groundwork for this fiscal year's budget, although many details remain unknown including significant pandemic relief funds that remain uncommitted. More details will be made available throughout the departmental and agency hearings that the Legislature will hold in the coming months as they craft their budget in response. In NJ, the Governor retains the power to line item veto funding in the Legislature's budget and the final bill must be signed into law by June 30th at midnight to avoid a government shutdown.

Press Release from Governor's Office
Budget in Brief (BIB)
Budget One-Pager
Governor's Budget Address

In The News

Governor's Press Releases

Committee Day Results

Monday, March 7, 2022

Assembly Labor Committee Results
Assembly Tourism, Gaming and the Arts Committee Results
Senate Labor Committee Meeting Results
Assembly Health Committee Results
Senate Transportation Committee Results
Senate Education Committee Results
Assembly Community Development and Affairs Committee Results
Senate Community and Urban Affairs Committee Results
Assembly Consumer Affairs Committee Results
Assembly Housing Committee Results
Assembly Oversight, Reform, and Federal Relations Committee Results

Committee Day Results

Thursday, March 10, 2022

Assembly Human Services Committee Results
Senate Health, Human Services, and Senior Citizens Committee Results
Assembly Environment and Solid Waste Committee Results
Senate Labor Hearing with Commissioner Asaro Angelo
Assembly Military and Veteran's Affairs Committee Results
Assembly Education Committee Results
Assembly Special Committee on Infrastructure and Natural Resources
Assembly Transportation and Independent Authorities Results
Assembly Homeland Security and State Preparedness Committee Results
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