“The FY26 budget provides record property tax relief, invests in the future of our state, and does it all while holding the line on taxes for working-class families. The budget is putting more money back into people’s pockets than ever before by providing the largest property tax relief package in state history through Stay NJ, ANCHOR, and Senior Freeze. That’s on top of no utility rate increases for residents this summer. We’re also increasing investments in public school and higher education, as well as making a full pension payment for the fifth straight year, keeping our promise to hundreds of thousands of public workers and correcting years of underfunding that left the system in crisis.”

“Last week, we learned the State received $200 million in additional unanticipated revenue. And although I firmly believe New Jersey’s public worker health plans need significant reforms to control costs, the funds allow us the opportunity to find ways to reduce those costs, while treating workers fairly. To that end, the Assembly will hold hearings on public worker health benefits in July and monitor any potential premium increases and their impact on public plans. We remain committed to working with the workers, counties and municipalities to provide high quality, affordable health care and we believe there are other options to identify state savings.”