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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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CBRE’s Gil Medina Elected Chair of New Jersey Chamber of Commerce Board of Directors

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the staff of the Ridgewood blog

Trenton NJ, Gil Medina, Executive Vice President at CBRE, has been elected Chair of the New Jersey Chamber of Commerce Board of Directors. The election took place during the Chamber’s June 4 meeting in Florham Park, marking the beginning of a two-year term for the well-respected business and policy leader.

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