With state coffers hit by COVID-19, the $7.6 billion spending plan signed by Gov. Phil Murphy on Tuesday was described by his office as “bare bones” and will impact various state departments.
S-20/A-3 authorizes the “deappropriation” of nearly $1.2 billion in funds enacted in the FY 2020 Appropriations Act, does not include nearly $850 million in new spending proposed in the governor’s February budget message or any new revenue raisers, and defers a number of significant payments—all due to the pandemic-induced lockdown that shut off key tax revenue streams.
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