NEW JERSEY — New Jersey Gov. Phil Murphy signed a record $46.4 billion budget on Tuesday, sending out checks of up to $500 to 760,000 families, making an almost $7 billion pension payment and boosting overall spending by 15% over last year.
Murphy, a Democrat, signed the budget alongside other officials and lawmakers and hailed the spending plan as the the “dawn of the new post-COVID day.”
The budget passed the Democrat-led Legislature along partisan lines.
Republicans objected, saying the higher spending was unsustainable going forward.