NJ lawmakers pass $60.7 billion budget, plus more spending

New Jersey lawmakers approved a $60.7 billion budget just before a Tuesday deadline. GOP critics noted that spending remains up.

By: Nikita Biryukov

Outlets: New Jersey Monitor

Published: July 1, 2026

Words: 1,069

Last Updated: 3 weeks, 1 day ago

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Lawmakers in both legislative chambers approved a $60.7 billion spending bill and hundreds of millions in additional funding that will take New Jersey’s overall expenditures above $61 billion just hours ahead of the budget deadline Tuesday.

The budget, the largest in New Jersey history, maintains New Jersey’s pension payment, promises $12.4 billion in school aid, and narrows a marquee property tax relief program aimed at seniors that has for years faced questions …

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