Democrat Gov. Phil Murphy to Unveil His 1st Budget as NJ's Governor - NBC 10 Philadelphia

Democrat Gov. Phil Murphy to Unveil His 1st Budget as NJ's Governor

Murphy expected to focus on NJ Transit, raising taxes on millionaires & pensions

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    Gov. Murphy to Deliver 1st NJ Budget Address

    Democratic Gov. Phil Murphy is expected to talk about taxes and New Jersey Transit in his first budget address in Trenton.

    (Published Tuesday, March 13, 2018)

    Democratic Gov. Phil Murphy will be unveiling his first budget since succeeding Republican Chris Christie.

    Murphy is set to address a joint session of the Democrat-led Legislature on Tuesday. You can watch his 2 p.m. address live on this page.

    Murphy says he has not backed away from his pledge to raise taxes on millionaires despite Democratic reluctance.

    He also says he will make a "major" statement on New Jersey Transit. His other key campaign promises were funding the public worker pension and increasing aid to schools.

    Republican lawmakers say their analysis shows a budget surplus could be as high as $1.5 billion.

    Assembly Minority Leader Jon Bramnick and Senate Minority Leader Tom Kean Jr. say the money should be used to lower property taxes, which are among the highest in the country.