Speaker Coughlin on FY22 State Budget Address
(TRENTON) – Assembly Speaker Craig J. Coughlin (D-Middlesex) issued the following statement Tuesday following Governor Phil Murphy’s Fiscal Year 2022 State Budget address:
“The Governor’s proposed budget includes things to be encouraged by: the State’s revenues are strong and positive revenue is expected going forward; the proposal does not include any new taxes or increased fees; and focus is placed on property tax relief including the funding of the Homestead Rebate and Senior Freeze Programs as well as increasing aid to our schools.
“I am also encouraged the budget proposal includes funding of the middle-class tax rebate which will provide relief to roughly 760,000 New Jersey families; recognizes the need to support New Jersey businesses; and fully funds the State’s pension obligations for the first time in 25 years – achieving a 10-year goal one year early, honoring the State’s commitment to our current and past workforce and demonstrating sound fiscal policy.
“I look forward to a thorough and robust review of the proposed budget’s spending and to looking for ways to achieve savings and reduce debt reliance as it moves through the Assembly Budget Committee.”