Fulvia Johanna

Nj State Budget 2025. A thousand here, a thousand there, new jersey’s state budget total typically gets rounded to the nearest $100 million or so. New jersey's 2025 budget spends $56.6 billion, fully funding pension system, schools and enacting a new tax to pay for nj transit.

The $56.7 billion fiscal year 2025 (fy2025) budget, approved by the legislature earlier in the day, provides significant direct property tax relief for homeowners and renters, yields the highest level of school funding in history, delivers a fourth consecutive full pension. New jersey lawmakers are poised to send a $56.6 billion fiscal year 2025 budget to democratic gov.