$7.7 billion in spending will keep the state operating through September. Big decisions about cuts, taxes and borrowing are due over the next three months.
Dependents of essential workers who die in the course of employment due to contracting COVID-19 would receive extra workers’ compensation benefits under a bill scheduled for a vote at Monday’s Senate session.
A former state budget director under both major political parties says the state should raise taxes now and slash pension contributions rather than borrow billions of dollars to close a huge coronavirus-created deficit.
Marilou Halverson, president of the NJ Restaurant and Hospitality Association, said there are around 20,000 restaurants in the state and that 15% to 18% are not expected to survive.
The budget appropriates $38.7B, which is $142M more than Murphy sought in February, though $151M less than Murphy’s revised blueprint described by the state treasurer in May.