New Jersey Office of Management and Budget

New Jersey governor unveils $58.1B budget amid federal funding uncertainty

New Jersey Democratic Gov. Phil Murphy unveiled the final budget of his two terms in office Tuesday, a nearly $58.1 billion proposal that includes more money for schools and public transit but could be upended by uncertainty over federal funding.

The Press of Atlantic City · 21h

New Jersey governor’s new budget plan proposes school funding tweaks

Under Gov. Phil Murphy’s new budget plan, 393 school districts would see state aid increase and 75 would see it fall.

Bloomberg L.P. · 3d

NJ Governor Proposes $58.1 Billion Budget That Slashes Spending

New Jersey Governor Phil Murphy is looking to rein in spending as part of his budget for the upcoming year. On Tuesday, he unveiled a $58.1 billion blueprint for the fiscal year that begins July 1 that caps new discretionary spending.

WHYY · 3d

N.J. Gov. Phil Murphy proposes a record $58.1B budget, but federal funding uncertainty is a concern

Gov. Phil Murphy’s proposed spending includes continued property tax relief and full funding for K–12 education. Concerns about federal funding remain.

3don MSN

New Jersey’s budget could need a ‘break the glass’ strategy for Trump and DOGE

Gov. Phil Murphy's spending plan does not predict what cuts President Donald Trump, DOGE or a Republican Congress may make, ...

JD Supra2d

New Jersey Governor Phil Murphy’s FY2026 Budget Address: Key Highlights

In his final budget address, Governor Phil Murphy is proposing a $58.05 billion plan, with a strong emphasis on preserving ...

CBS News3d

N.J. Gov. Phil Murphy proposes $58 billion budget, with record funding for NJ Transit

New Jersey Gov. Phil Murphy delivered his final budget address on Tuesday as he wraps up his second term in office. Republicans say the whopping $58 billion budget will end up raising taxes ...

11hon MSN

Cuts in proposed N.J. budget pose ‘undeniable challenges’ for some South Jersey school districts

Under Murphy’s $12.1 billion spending plan to fund the state’s K-12 school districts, state officials say about 68% of ...

NorthJersey.com3d

Murphy's budget proposal includes $1M for Platkin's legal war against Trump's orders

New Jersey Governor Phil Murphy has allocated $1 million in his budget proposal for legal challenges against the Trump administration. The funding would allow Attorney General Matt Platkin to ...

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