IssuesWatch Live: New Jersey Budget (Replay) (E1903114)

On March 5, Governor Murphy presented his proposed budget for New Jersey’s 2019/20 fiscal year. Labeled as “A Blueprint for the Middle Class,” the proposed budget includes appropriations totaling $38.6 billion. Among other things, the budget includes:

• Nearly $800 million in public employee health benefit cost savings
• A reduction in “one-shot” revenues
• A nearly $3.8 billion payment to the public worker pension fund
• Changes to tax incentive programs
• Nearly $283 million in funding for Homestead Benefits
• A decrease in the income threshold for the top 10.75-percent tax bracket to $1 million

Join us for in-depth look at the budget and its political prospects.