Gov. Phil Murphy this week signed a $32.7 billion budget for New Jersey that raises taxes on the wealthy and businesses and authorizes $4.5 billion in new debt he says is necessary to keep state finances solvent. Photo illustration by Mokra from FreeImages. Murphy signs $32.7B budget taxing millionaires, businesses Gov. Phil Murphy this week signed a $32.7 billion budget for New Jersey that raises taxes on the wealthy and businesses and... Local News 30 Sep 2020 | 03:39