On February 28, Governor Murphy delivered his 2024 Fiscal Year Budget Address. The proposed budget is $53.1 billion, includes a surplus of over $10 billion, and is 5% greater than the FY2023 budget. While the budget document is not available yet, the Budget in Brief outlines the Governor’s proposed FY2024 budget. In the coming weeks, departmental budget hearings will be held and additional information on the Governor’s budget proposal will be provided.
The FY2024 budget proposal aims to prioritize economic growth, improve public health, address critical infrastructure needs, and ensure a strong and fiscally sustainable future for its residents and businesses. For more information on the Governor’s Budget Address, please visit the FY2024 Budget blog post.
For more information, please visit the League’s FY2024 Budget Page.
Contact: Andrew LaFevre, Legislative Analyst, alafevre@njlm.org, 609-695-3481, x116.