Detailed Budget Book for Governor Murphy's Proposed FY2026 Budget Plan Now Available Online
(TRENTON) - State Treasurer Elizabeth Maher Muoio announced that Governor Murphy's Detailed Budget book for Fiscal Year 2026 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 $58.05 billion budget. This budget builds on the Administration’s commitment to ensuring that New Jersey remains stronger and fairer while continuing to prepare for the future.
The FY2026 budget includes proposals for record high funding for K-12 schools; a full payment into the public pension system for the fifth consecutive year; and nearly $4.3 billion for Direct Property Tax Relief. It includes the continuation of the ANCHOR property tax relief initiative for homeowners and renters; continues to support the recent expansion of the Senior Freeze Program; and proposes additional funding for the forthcoming Stay NJ program, dedicating $600 million in resources to significantly reduce property taxes for more than 432,000 senior homeowners.
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.
Official Site of The State of New Jersey
