Lawmakers received the first big-picture revenue forecast for the fiscal year 2024 budget on Thursday. At the State House in Trenton, they heard for the first time from State Treasurer Elizabeth Maher Muoio.
They also heard from nonpartisan fiscal experts, who projected less revenue collections by the state than Gov. Phil Murphy’s administration is projecting. The difference in the prediction amounts to $1 billion over the course of the 2023 and 2024 fiscal years. What does that mean for the state, and will that difference make an impact?
