Flynn and Scharfenberger on Governor’s ‘Reckless’ FY26 Spending Plan
February 25, 2025
Assemblywoman Victoria Flynn and Assemblyman Gerry Scharfenberger say Gov. Phil Murphy’s $58.05 billion budget presented Tuesday before a joint session of the Legislature includes more squandered opportunities, tax increases and reckless spending.
“The budget continues New Jersey’s dangerous trajectory toward financial instability,” Scharfenberger (R-Monmouth) said. “Murphy’s administration has mismanaged resources, squandered federal relief funds, and prioritized short-term political gains over responsible financial planning. Despite warnings of a widening structural deficit, we have yet to see a serious commitment to cost-cutting or fiscal responsibility.”
State spending has ballooned 63% since Murphy first took office. The fiscal year 2026 proposed budget is $1.4 billion more than last year and increases taxes on homes valued over $1 million, gambling, alcohol, drones, marijuana and more.
“Reckless government spending and tax increases lead to public distrust and financial instability. New Jerseyans deserve leadership that prioritizes fiscal responsibility, not just more government spending that we’ve been held hostage by for eight years,” said Flynn (R-Monmouth). “It’s time for a budget that works for the people—not one that continues to grow at their expense.”