Detailed Budget Book for Governor Murphy’s Proposed FY 2024 Budget Plan Now Available Online

(TRENTON) – State Treasurer Elizabeth Maher Muoio announced that Governor Murphy’s Detailed Budget book for Fiscal Year 2024 is now available online  through the Department of the Treasury’s Office of Management and Budget website.

The book serves as a policy document, an operations guide, and a financial plan for the Governor’s proposed $53.1 billion budget. This budget continues to build on the historic progress of the past five years while preparing New Jersey for the future.

The FY2024 budget emphasizes affordability and responsibility, including proposals to double the Child Tax Credit for families with young children, expand the Senior Freeze property tax program, and increase eligibility for the State’s senior prescription drug program. It also includes the continuation of the extremely popular ANCHOR property tax relief initiative for homeowners and renters and will also deliver the highest level of school funding in history. The budget reflects Governor Murphy’s continued commitment to fiscal responsibility by making a third consecutive full pension payment and ensuring an adequate budget surplus.

The book also includes summaries of appropriations, revenues, expenditures, and fund balances, and detailed department-by-department appropriations data, as well as budget language recommendations.

The Budget in Brief, which has been available online since the Governor’s Budget Address, serves as a more concise snapshot of the Governor’s revenue and spending proposals.