PHILADELPHIA (KYW Newsradio) — Gov. Phil Murphy has unveiled his spending plan for New Jersey’s next fiscal year.
It includes property tax relief, more for schools, and even proposes a pause in state fees for things like driver license renewals.
Standing in person in the Assembly chambers for the first time in two years, the first budget address of Murphy’s second term signaled a shift of emphasis away from COVID-19.
“This budget attacks two of New Jersey’s most difficult and intractable problems: property taxes and affordable housing," he said.
The governor said a main goal of his budget is to make New Jersey more affordable.
His $49 billion budget proposal includes replacing the homestead rebate with a program called ANCHOR, Affordable New Jersey Communities for Homeowners and Renters.
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“Through ANCHOR, more than 1.15 million homeowners with incomes up to $250,000 will receive direct relief averaging nearly $700," said Murphy.
Renters’ relief checks would average $250, Murphy said.
The budget proposal, which has to be approved by the Democratic-controlled legislature, also provides a $650 million boost for K-12 education and a one-year holiday on state fees for driver license renewals, marriage licenses, state park entry and for about 130,000 health care professionals.
It also makes a full public employee pension payment for the second straight year, and calls for no fare hikes on NJ Transit.
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