NJ Approves Record-Breaking Budget | Jersey News

New Jersey just approved its biggest budget ever—$61 billion—with historic school funding, full pension payments, and targeted town aid, but also tough cuts and rushed votes sparking transparency concerns. Lawmakers added $300 million in special priorities, including a Jersey City loan program to dodge tax hikes, while new tax tweaks—like capping business loss deductions and charging Medicaid employers—could face legal pushback. The Child Tax Credit gets a 25% boost for three years, but critics say the late-night, piecemeal process leaves too little time for scrutiny. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/50a29979ed7b39e0