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New Jersey Business Leaders, GOP Lament $50.6 Billion Spending Plan

  • Annual budget on way to approval minus ideas for so much cash
  • ‘Giving back scraps’ to taxpayers, senator says of Murphy
Phil Murphy

Phil Murphy

Photographer: Angus Mordant/Bloomberg

New Jersey business leaders and Republicans in the legislature’s minority criticized a record $50.6 billion budget expected to be signed this week by Governor Phil Murphy.

As the state Senate passed the spending plan for the fiscal year that starts July 1 and the Assembly prepared to vote, critics said Murphy, a second-term Democrat, had missed once-in-a-generation opportunities to provide broader taxpayer relief and assist businesses that are still coping with the pandemic.