Gov. Phil Murphy unveiled a nearly $45 billion budget plan, laying out his election-year priorities as the state claws its way out of the coronavirus pandemic. Delivering the fourth and final budget address of his first term, Murphy painted a fiscal picture that was brighter than previously forecast by his administration, thanks to better than expected revenues, and with big promises for the year ahead.
The governor announced a historic pension payment, made with no new taxes and money for most of the groups competing for cash. But what’s behind the fine print? Senior Correspondent Brenda Flanagan reports.