Archive for Tag: surplus

Shore lawmakers eye Murphy’s massive budget surplus for taxpayers, schools, economy

TRENTON, N.J. – New Jersey lawmakers representing Monmouth and Ocean counties weighed in on the budget unveiled by Gov. Phil Murphy calling for reinvestment to directly benefit all residents as a recession looms. Murphy highlighted a budget surplus of more than $10 billion during his annual state budget message...

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Budget signing signifies a worse-off New Jersey, says Assembly GOP Leader

TRENTON, N.J. – Assembly Republican Leader John DiMaio has been critical of the budget, and again pointed out that the state budget is full of tax relief gimmicks and unsustainable spending as Gov. Phil Murphy signed the $50.6 billion fiscal year 2023 budget. “Governor Murphy likes to say this...

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GOP leaders push for tax cut package in budget

TRENTON, N.J. – In response to surging state revenues and record-high inflation, Assembly Republican Leader John DiMaio and Assembly Budget Officer Hal Wirths on Tuesday announced a four-point plan that would provide residents immediate relief in this year’s state budget and achieve sustainable tax reforms. “Taxpayers can’t wait for...

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