NJ’s new budget dips into surplus, leaving less for emergency need

New Jersey's upcoming budget is set to significantly deplete its reserve fund by over $1 billion, a move criticized by Republican assemblyman as irresponsible. This decision undermines the state's financial cushion, potentially leaving it vulnerable to unexpected economic downturns or crises. The move reflects a shift in fiscal priorities, highlighting a tension between immediate spending needs and long-term financial stability. This could have broader implications for New Jersey's economic resilience and its ability to respond to future emergencies.