Phil Murphy on Budget & Economy

	Phil Murphy on Budget & Economy

Hard to support economy with last century's infrastructure

The fact is: it is hard to support the economy of tomorrow with last century's infrastructure. That is why we are continuing to invest in the future of our transportation system at record levels. This past November, we officially broke ground on the Jersey side of the Hudson Tunnel Rail Project. One of the biggest policy failures in our state's history was when the last administration abandoned this project. We are correcting that mistake. Source: 2024 State of the State Address to the N.J. legislature , Jan 9, 2024

Netflix production hub shows NJ is ready for our close up

Netflix will create a major production hub at the site of the former Fort Monmouth--a nearly $1 billion dollar investment that will create thousands of permanent, and overwhelmingly union, jobs. The dozen soundstages to be built, along with new housing and hospitality space, will revitalize not just Fort Monmouth but lift the small businesses around it. More than anything, this investment by Netflix makes it clear to all--New Jersey is ready for our close up. Source: 2023 State of the State Address to the N.J. legislature , Jan 10, 2023

More than $1B to support revitalizing our downtowns

Our downtowns took a beating during the pandemic, and we have committed ourselves to bringing them fully back. We have helped our downtowns and small businesses make it through some very dark times and into the recovery which is still ongoing with more than $1 billion in support. And together, in the budget we passed, we maintained our $50 million investment in the Main Street Recovery Program. And the holiday season saw our downtowns bustling again, as they should be. Source: 2023 State of the State Address to the N.J. legislature , Jan 10, 2023

COVID: Grants and loans to nearly 55,000 small businesses

The pandemic has slammed small businesses across America, so, our economic focus has been squarely where it should be -- on helping our hard-hit small businesses and encouraging new ones to grow. Through the New Jersey Economic Development Authority, nearly 55,000 small businesses -- by the way, many of them owned by women, people of color, and veterans -- have received a truly lifesaving grant or a loan, and some of our nascent startups have received guarantees for vital new capital. Source: 2021 State of the State Address to New Jersey legislature , Jan 12, 2021

Largest investment in infrastructure in New Jersey history

We are leaving for the next generation a rail system wholly different than the one we inherited. We are making historic investments in our roads and bridges. We are reimagining our airports and seaports. We are embarking on the largest infrastructure investment program in the history of our state. These transformative investments will reap tremendous returns for our economy, create good-paying jobs, and attract innovative companies to the state that want a world-class infrastructure system. Source: 2021 State of the State Address to New Jersey legislature , Jan 12, 2021

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*Other governors on Budget & Economy:*			*Phil Murphy on other issues:*
*NJ Gubernatorial:* Doug Steinhardt Hirsh Singh *NJ Senatorial:* Andy Kim Cory Booker Curtis Bashaw George Helmy Hirsh Singh Rik Mehta Robert Menendez Stuart Meissner Tammy Murphy	*Gubernatorial races 2025:* *New Jersey Governor:* Democratic primary June 10, 2025: Ras Baraka, Mayor of Newark (2014-present) Steven Fulop, Mayor of Jersey City (2013-present) Josh Gottheimer, U.S. Rep. NJ-5 (since 2017) Mikie Sherrill, U.S. Rep. NJ-11 (since 2019) Stephen Sweeney, N.J.Senate President (2010-2022) Republican primary June 10, 2025: Jon Bramnick, State Senator (since 2022); Minority Leader (2012-2022) Jack Ciattarelli, State Assemblyman (2011-2018), governor nominee (2021) Edward Durr, State Senator 3rd district (2022-2024); withdrew *Virginia Governor:* Democratic primary June 17 cancelled: Abigail Spanberger, U.S.Rep., VA-7 (2019-2024); Dem. nominee 2025 Levar Stoney, VA Secretary of the Commonwealth (2014-2016); (withdrew to run for Lt. Gov.) Republican primary June 17 cancelled: Winsome Earle-Sears, Lt. Gov. since 2022; GOP nominee 2025 Amanda Chase, State Senate District 11 (2016-2023); failed to make ballot Denver Riggleman, U.S.Rep. (R-VA-5); exploratory committee as Independent Glenn Youngkin, Incumbent Governor , (2022-2025), term-limited	*Mayoral races 2025:* *NYC Mayor Democratic primary June 24, 2025:* Adrienne Adams, speaker of the City Council Andrew Cuomo, former governor of New York, 2011-2021. Republican June 24 primary cancelled; general election Nov. 4: Eric Adams, incumbent Democratic mayor running as an independent Jim Walden, Independent; Former assistant U.S. Attorney Curtis Sliwa, Republican; CEO of the Guardian Angels *Jersey City Mayor (Non-partisan)* Non-partisan general election Nov. 4: Mussab Ali, former president of the Jersey City Board of Education Bill O'Dea, Hudson County commissioner (since 1997) Jim McGreevey, former N.J. Governor (2002-2004) James Solomon, city councilor (since 2017) Joyce Watterman, president of the Jersey City Council (since 2023) *Oakland CA Mayor* Non-partisan special election April 14, 2025: Barbara Lee, U.S.Rep CA-12 (1998-2025) Loren Taylor, Oakland City Council (2019-2023), lost general election Sheng Thao, Oakland Mayor, lost recall election Nov. 5, 2024	Abortion Budget/Economy Civil Rights Corporations Crime Drugs Education Energy/Oil Environment Families/Children Foreign Policy Free Trade Govt. Reform Gun Control Health Care Homeland Security Immigration Infrastructure/Technology Jobs Local Issues Principles/Values Social Security Tax Reform War/Iraq/Mideast Welfare/Poverty [Title9]