An annual report from the think tank Truth in Accounting finds New Jersey's long-term debt, pension and health-benefits bills amount to $58,300 per taxpayer.
The State Council on the Arts approves $28 million in state funds and $7.5 million in federal funds, with another $4 million for capital projects to come.
New Jersey’s most unusual state budget season ended in standard fashion , with the $46.4 billion plan sent to Gov. Phil Murphy’s desk in a party-line vote.
New Jersey's bonded debt is approaching $50 billion, including the $3.7 billion the state borrowed in November when it thought COVID would wreck its revenues.
The 2022 state budget appropriates $46.4 billion, including $6.9 billion toward pensions. There's no extra money toward NJ Transit or the school aid formula.
The state already plans to pay rebates of up to $500 to families this summer. Republicans suggest some of the $10 billion surplus should be used similarly.