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NJ Treasurer Bails on Budget Meeting while Murphy Administration Has $11.5 Billion and No Plan to Help NJ

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the staff of the Ridgewood blog

Trenton NJ, The Republican members of the Senate Budget & Appropriations Committee responded to a revenue update from the Murphy administration showing a massive $5 billion increase in State revenues during FY 2021 and FY 2022, well beyond what legislators were told to expect. Combined with nearly $6.5 billion in federal relief funds sent to New Jersey, the Murphy administration now has $11.5 billion in cash and absolutely no plan to use it to help New Jersey.

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