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Murphy signs $50.6 billion N.J. budget with property tax relief

New Jersey Democratic Gov. Phil Murphy signed a record $50.6 billion budget that pours $2 billion into property tax relief, sets a record surplus and lifts overall spending 9% over last year.

N.J. Democratic Gov. Phil Murphy signs the $50.6 billion fiscal year 2023 budget on Thursday.
N.J. Democratic Gov. Phil Murphy signs the $50.6 billion fiscal year 2023 budget on Thursday.Read moreMichael Catalini / AP