Nj 2025 State Budget Highlights. Municipal officials in new jersey are preparing to comply with the state’s new affordable housing laws that begin to impact them in 2025. Governor phil murphy signed the new $56.6 billion state budget for new jersey, which includes a significant tax increase on large corporations and substantial funding for.

Here’s a quick rundown of what to expect in 2025. On wednesday, june 26, 2024 the new jersey legislature released its $56.6 billion fiscal year 2025 (fy2025) state budget proposal, a record high state budget that allocates.