New Jersey Gov. Phil Murphy on Feb. 25 announced a proposed budget for the fiscal year beginning July 1 that includes a $7.2 billion contribution to the state’s pension system, the fifth ...

In his final budget address, New Jersey Gov. Phil Murphy urged the legislature to lower the cost of living, seize the state's economic momentum and prioritize fiscal responsibility.

A $56.6 billion spending plan for New Jersey that puts in place a new tax to fund NJ Transit, makes a full pension payment and covers the state's school funding formula was signed by Gov.