With lightning speed, state lawmakers have advanced a record $46.4 billion new state budget. After budget committees approved the spending plan in party-line votes shortly after the proposed budget was introduced Tuesday the stage is now set for a vote in the full Legislature on Thursday.
Lawmakers added hundreds of millions of dollars in last-minute spending to the budget bill. The spending additions come as the state is flush with cash, thanks to billions in new federal aid and surging tax revenues. With Thursday’s expected votes, the budget could be on Gov. Phil Murphy’s desk a week ahead of the July 1 deadline.