Five of the state’s public pension funds will still be insolvent by 2027. Murphy’s tax hike is really an effort to pay off his union vote support, it won’t help anyone in the state except his union bosses and public sector workers who already have excessive pension and healthcare benefits. Won’t last much longer as net immigration and loss of employers will accelerate under this budget. It’s easy to spend other people’s money until all of the private sector workers leave.