“The people of New Jersey want us to treat their tax dollars, whether they go to support their schools or improve their roads, as if they were our own,” New Jersey Governor Murphy said in his second inaugural address.
Gov. Phil Murphy, pictured delivering his State of the State address last week, rang in his second term Tuesday.Gov. Phil Murphy, pictured delivering his State of the State address last week, rang in his second term Tuesday.Gov. Phil Murphy was sworn in for his second term Tuesday, after becoming the first Democratic governor to win reelection in New Jersey in 44 years.
Murphy noted in the speech that he can't lower property taxes directly, because those rates are set by local towns and school districts, but that he would invest in local services to enable those taxes to go down. The inauguration also put on display the maturing of a political family. Murphy’s four children, aged 18-to-24, and First Lady Tammy Murphy offered short remarks, and much of the teenage awkwardness of previous events was gone. This time the Murphys looked comfortable, joking with one another.
Murphy worked for Goldman Sachs, where he eventually rose through the ranks and became very wealthy. Before his retirement, it was reported he was worth $50 million. But he says the policies he pushed in his first term, and his aspirations for his second, all spring from his experience of achieving success despite humble beginnings.
In his first term, Murphy raised the minimum wage and taxes on the wealthy. He also devoted more of his budget to funding local schools and paying into the state’s underfunded pension system.
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