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Statement from Assembly Speaker Craig J. Coughlin on Governor Murphy’s Budget Address

“As we begin our review of the Governor’s proposed budget for Fiscal Year 2025, I remain committed to working with Governor Murphy to provide meaningful property tax relief. I am pleased to see a historic commitment to achieve that goal and look forward to ensuring StayNJ becomes reality to help seniors remain in their homes. As we work together over the coming months, I remain convinced that any discussion about increasing corporate taxes must be had with our state’s long term fiscal health and a further commitment to reducing property taxes in mind.

“The proposed budget also makes smart investments that will benefit New Jersey families—for the first time ever, the budget proposes to fully fund our public schools, there is a fourth straight full payment toward our public pension obligations, and meaningful new resources to combat hunger.

“We will have to make some difficult decisions on spending and how to pay for programs and services in the months ahead. We will now begin the process of reviewing the proposed budget by seeking input from the public and conducting hearings with each Department. I am confident we will reach an agreement on a budget that reflects our values and creates a brighter future for the families of our State.”