News Flash

Budgeting

4 Stories
Posted on: October 24, 2019

State Releases $114M in Transitional Aid Funding

As you may recall, when signing the State’s FY 2020 spending plan back in June, uncertainty about meeting revenue targets prompted Governor Murphy to direct the State Treasurer to withhold funding for certain programs. The total held in abeyance equaled $...

Read on...

Budgeting
Posted on: July 10, 2019

Governor Freezes Most Transition Aid

Upon signing the FY 2020 State budget, Governor Murphy issued Executive Order 73, which impounds up to $235 million in spending, and is not subject to a potential override. Specifically, EO 73 directs the Department of Treasury, Office of Management and B...

Read on...

Budgeting
Posted on: July 1, 2019

Governor Signs State FY 2020 State Budget; Line Items Out $48.5 million and Reserves $235 Million

On Sunday Governor Phil Murphy signed the State FY 2020 budget following a 2 pm public event. In doing so, the Governor used his authority to line item out $48.5 million in expenditures in the budget.  From the just over $48 million in spending t...

Read on...

Budgeting
Posted on: June 18, 2019

Legislature Introduces FY 2020 Budget Bills

Yesterday in Trenton, the State Senate and the General Assembly introduced and advanced identical bills that would authorize State appropriations for the 2020 Fiscal Year that begins on July 1. S-2020/A-5600 would appropriate $38.7 billion. The bill assum...

Read on...

Budgeting