Last week, New Jersey lawmakers and Gov. Mikie Sherrill passed a nearly $61 billion spending plan for the fiscal year that began July 1.
Funding for schools, property tax relief and the state pension system were some of the highlights.
“It is an affordability budget that takes on the rising costs of housing, health care, and property taxes while standing up to Trump’s chaos and cuts. It is the most fiscally responsible budget in years,” said Sherrill in a statement.
Sales and income taxes won’t increase during the 2027 fiscal year.
— Graphics by Renee Maskin
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