New Jersey Gov. Phil Murphy presented his $48.9 billion budget address Tuesday afternoon, highlighting a new property tax relief program. MegBakerTV reports.
, or the Affordable New Jersey Communities for Homeowners and Renters property tax relief program.
Turning to schools, the governor is dedicating roughly 24% of state expenditures to direct aid to education, saying this is critical to undo pandemic learning loss and meet mental health challenges posed by the past two years.He also proposed a $300 million affordable housing production fund. Political analyst Guillermo de Veyga says this budget with a focus on the middle class and property tax relief is a step away from the governor's previous progressive initiatives.
Republican leaders are answering with their"Give It Back" plan, saying the state's surplus from federal COVID-19 relief funds and strong tax revenues should lead to more money flowing back into taxpayer wallets.