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Legislative Updates

Governor Murphy Signs the Fiscal Year 2022 Budget

219th Legislative Session Legislative Updates State Budget Updates

On June 29, Governor Murphy signed the FY2022 State Budget. The $46.4 billion budget is the largest budget in state history and includes property tax relief measuresCOVID-19 relief for businesses and a full pension payment.
The appropriations bills, A-5870/S-2022 (Pintor Marin / Burzichelli/Sarlo/Cunningham)passed both Houses of the Legislature swiftly by a vote of 49-26 in the Assembly and 25-15 in the Senate. In the CCSNJ's written testimony, the Chamber supported certain measures of the budget, including the $100 million to expand childcare so residents can return to work, but took issue with the exclusion of funds to to replenish the state unemployment trust fund.
The Governor signed the state budget in the same form it was sent to him, not using his line item veto power to remove certain provisionsIn its final form, the Legislature included an additional $1.5 billion in appropriations for various legislative priorities, including some that impact South Jersey.
The Governor also signed A-13/S-4000 (Freiman, Armato, Pintor Marin, Mazzeo, Houghtaling, Coughlin/Sarlo, Sweeney, Addiego)which establishes the "New Jersey Debt Defeasance and Prevention Fund." The bill appropriates $3.7 billion to the Fund, allotting $2.5 billion towards retiring state debt and $1.2 billion for funding capital construction projects on a pay-as-you-go basis.
To read the CCSNJ position on the FY2022 budget, click here

Should you have any questions, please contact Hilary Chebra, Manager of Government Affairs at  
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Hilary Chebra

Manager, Government Affairs, CCSNJ

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