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From The Governor's Office

Governor Murphy Signs Fiscal Year 2024 Budget into Law

June 30, 2023 |

Photo Credit: Gov. Phil Murphy (Edwin J. Torres/ Governor's Office)

Governor Phil Murphy signed the Fiscal Year 2024 Appropriations Act into Law on Friday (6/30), building on the historic progress made over the last five years with new investments centered around increasing affordability, promoting fiscal responsibility, and creating world-class opportunities for everyone to succeed.

The budget approved by the Legislature earlier in the day provides record levels of direct property tax relief with additional aid for seniors and renters while once again providing the highest level of school funding in history; making a third consecutive full pension payment; and supporting significant investments in the economy, workforce development, and affordable housing.

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