Earlier today Governor Murphy delivered his Fiscal Year 2023 Budget Address. The theme of the Governor’s Budget is The Opportunity State: Stronger, Fairer, More Affordable. The $48.93 billion budget is a 5.3% increase over FY 2022 state budget but does not propose any new taxes or fees.
The budget focuses on affordability, protecting health and safety, creating economic opportunity, and planning for the future. Below is a summary of the Governor’s FY 2023 Budget recommendation.