FY 2026 budget

Affordable housing
Sep 5, 2025

NJ Affordable Housing Trust Fund opens applications for $45M

With $35 million dedicated to projects statewide, another $10 million is available specifically for Habitat for Humanity developments.

Gov. Phil Murphy delivered his Fiscal Year 2026 Budget Address in the general assembly chambers of the State House on Feb. 25, 2025.
Jul 1, 2025

Murphy signs $58.8B NJ budget with tax hikes, relief aid

The spending plan includes the largest property tax relief package in state history – as well as tax increases on nicotine, sports betting, internet gaming and more.

New Jersey State House in Trenton
Jun 28, 2025

$58.8B budget advances after late-night vote

After clearing both Senate and Assembly committees in the 11 p.m. hour Friday, full votes are now set for Monday and then head to the governor's desk ahead of the July 1 deadline.