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Record $58.8 Billion NJ Budget Draws Criticism Over Spending, Taxes from Business Leaders

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the staff of the Ridgewood blog

TRENTON, NJ — Governor Phil Murphy signed a record-breaking $58.8 billion budget for fiscal year 2026, marking the largest in New Jersey history — and his final as term-limited governor. While the spending plan includes some relief for small businesses and education, critics say it leans heavily on tax hikes and fiscal overreach.

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NJBIA Unveils 2025 Blueprint for a Competitive New Jersey: A Roadmap to Economic Growth & Innovation

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the staff of the Ridgewood blog

SOMERSET, NJ — The New Jersey Business & Industry Association (NJBIA) has officially released its 2025 Blueprint for a Competitive New Jersey, a 28-page, forward-thinking policy guide designed to help lawmakers, gubernatorial candidates, and local leaders create a more business-friendly, innovation-driven economy in the Garden State.

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