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Did NJ budget 2024 pass?

TRENTON Governor Phil Murphy signed the Fiscal Year 2024 Appropriations Act into Law on Friday, building on the historic progress made over the last five years with new investments centered around increasing affordability, promoting fiscal responsibility, and creating world-class opportunities for everyone to succeed

Why does New Jersey have so much debt?

The debt growth was driven mostly by a $40.5 billion increase in the states non-bonded obligations, which rose to $200.4 billion in the year starting June 30, 2020. The overwhelming share of the increase in non-bonded debt came from a $36.1 billion increase in the states retirement benefits liabilities.

What is the budget of the New Jersey?

The $54.5 billion budget for Fiscal Year (FY2024) includes a historic surplus of $8.3 billion, which is more than 15 percent of budgeted appropriations, dwarfing the surplus inherited five years ago.

What are some problems in New Jersey?

Residential Segregation Lack of Affordable Housing New Jersey is among the most segregated states in the nation in terms of housing. This dynamic creates communities where poverty is concentrated, educational and economic opportunities are scarce, and upward mobility is limited.

Will there be a NJ anchor rebate in 2024?

The program was renewed in the fiscal year 2024 budget signed by Gov. Phil Murphy in June, and the department is getting ready to send out application information by the middle of August, Caliendo said.

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