$55,907,870 $705,433 $56,635,803 (1) Governor's Budget Message Change (3) - (1)
BudgetAI Summary
The FY 2025 Appropriations Act (P.L.2024, c.22) enacted a total budget of $56,635,803 thousand in appropriations and $63,124,330 thousand in total resources, representing a $705,433 thousand increase from the Governor's Budget Message. Major revenue sources include Gross Income Tax at $19,694,602 thousand, Sales Tax at $13,769,128 thousand, and Corporation Business Tax at $4,338,044 thousand. The budget established an unreserved balance of $6,420,515 thousand and designated $308,159 thousand for Open Space Reserved funds. The document was prepared by the Office of Legislative Services with a report date of July 1, 2024.
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This document is the State of New Jersey's FY2024 Budget in Brief, prepared by Governor Philip D. Murphy's Office of Management and Budget in February 2023. The budget document outlines the governor's spending and policy priorities across multiple areas including pre-K-12 education, higher education, economic growth, healthcare, transportation, and infrastructure. The document serves as a comprehensive overview of the state's fiscal plan, with detailed sections addressing affordability, responsibility, and various departmental initiatives, though specific budget figures and detailed policy changes are not visible in the provided excerpts.
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