Agreement reached on $60.7 billion NJ spending plan for next fiscal year

New Jersey's legislative leaders have finalized a $60.7 billion spending plan for the upcoming fiscal year, ensuring full pension payments and expanding the child tax credit while projecting a deficit reduction. This agreement comes ahead of the July 1 deadline and is crucial for maintaining state services and financial stability. The deal reflects a significant step toward fiscal responsibility, which could influence public trust and future state budget negotiations.