TRENTON, N.J. — Records show New Jersey has racked up $2.3 billion in COVID-19-related costs, according to public records obtained by The Associated Press.
The spending amounts to about 5% of the state’s overall budget. Democratic Gov. Phil Murphy says he expects federal aid to the state to cover the costs, meaning state taxpayers won’t feel a pinch.
The $46.4 billion budget on his desk, which Murphy is expected to sign, calls for letting the governor spend up to $200 million of federal money at his discretion, though in increments up to $10 million.
The remaining federal money is subject to oversight from a joint legislative budget committee, which Democrats control.