“Governor Murphy’s final budget proposal acknowledges the need for new revenue, but it still falls short of the bold action required to fix New Jersey’s long-term fiscal challenges. While some new taxes and fees will help chip away at the deficit, they don’t go far enough—and some critical priorities remain underfunded.
“The Governor’s budget may have avoided the worst-case scenario, but let’s be clear: patchwork solutions won’t solve a structural deficit,” said Eric Benson, Campaign Director for For the Many NJ. “We can’t afford to just cross our fingers and hope for the best. Without real, sustainable revenue, we risk deeper cuts and greater instability in the years ahead.”
With billions of dollars in potential federal funding cuts looming, New Jersey needs a budget that truly invests in its future. The Legislature must take this opportunity to go further—because a budget that simply isn’t as bad as we feared is still not good enough.
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For The Many NJ is a statewide coalition of more than 40 organizations working to expand funding for essential services and improve budget practices to meet current and future needs, especially for communities that have been historically left behind.
