New Jersey Gov. Phil Murphy outlines the FY 2021 budget. New Jersey Gov. Phil Murphy outlines the FY 2021 budget.

TRENTON, NJ—Gov. Phil Murphy presented his proposed $40.85-billion FY 2021 budget to the State Legislature on Tuesday, which calls for continued property tax reform, increased workforce development and NJ TRANSIT funding and an expansion on the existing millionaires’ tax.

“We are making real progress against high property taxes, restoring New Jersey’s fiscal standing, growing our economy, and repositioning our state for success by investing in and shaping our future,” Gov. Murphy said. “We have a record of unmistakable progress on all fronts, and today, we have a new budget for FY2021 that promises to keep us moving forward in building a stronger and fairer New Jersey for all.”

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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