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A Record-High New Jersey Budget

July 18, 2023

New Jersey has a $54.3 billion budget for its 2024 fiscal year. It’s $1 billion higher than the budget Governor Murphy proposed several months ago, and it passed at the last moment. Find out what’s included, and why the budget process is being criticized.

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Jeffrey  Kaszerman

Jeffrey Kaszerman

Jeff Kaszerman is the vice president of government relations for New Jersey Society of CPAs. He works with the CEO and board of trustees to create and implement advocacy initiatives that protect and promote the interests of the CPA profession, the business community and the public.

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John  Reitmeyer

John Reitmeyer

John Reitmeyer is the budget and finance writer with NJ Spotlight News and covers the annual New Jersey budget, the public-employee pension system, tax policy and more. He has received numerous honors and awards including most recently first-place recognition from the New Jersey Press Association for specialty writing in 2020. He has appeared as a guest on CNN, CBC, Fox, MSNBC, and News 12 New Jersey, and now analyzes tax and budget issues on a regular basis for NJ Spotlight News' evening broadcasts. Mr. Reitmeyer received his Bachelor of Arts Degree from The College of New Jersey.