TRENTON, N.J. (AP) — Governor Phil Murphy will be unveiling his first budget since taking office.
Murphy is set to address a joint session of the Democrat-led Legislature on Tuesday. Murphy says he has not backed away from his pledge to raise taxes on millionaires despite Democratic reluctance. He also says he will make a “major” statement on New Jersey Transit. His other key campaign promises were funding the public worker pension and increasing aid to schools. Republican lawmakers their analysis shows a budget surplus could be as high as $1.5 billion. Assembly Minority Leader Jon Bramnick and Senate Minority Leader Tom Kean Jr. say the money should be used to lower property taxes, which are among the highest in the country