Topics:
March 3, 2021 Last Edit: June 5, 2025
Governor Murphy’s SFY 2022 Budget Delivered
The Governor delivered his budget message and the good news is that there are no new taxes or fees. The 44.3 billion dollar proposed budget is 10 billion dollars more than the SFY 2017 budget. The proposal includes a 6.4 billion dollar pension payment, which marks the first time the State has made a full pension contribution since SFY1996. Also the Governor included 200 million earmarked for small business relief initiatives. While NFIB is delighted that there are no new taxes, we will be working with the legislature to provide more funding in the final budget to support Main Street.
State:
Get to know NFIB
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
Related Articles
April 17, 2026
Higher Income and Investment Taxes Will Hurt Vermont
Post-pandemic income migration surge is dropping fast.
Read More
April 16, 2026
NFIB President Brad Close in Washington Times: Small Business Deduction Is A Big Win For Main Street
WASHINGTON, D.C. (April 16, 2026) – In a new op-ed in The Washington Times, NFIB President Brad Close shares how Main Street is benefiting from the 20% Small B…
Read More
April 16, 2026
VIDEO: Virginia Business Owner Explains How 20% Deduction Boosted Employee Wages
The deduction ‘gives me hope to stay strong.’
Read More
April 16, 2026
What They Are Saying: Virginia Small Business Owner Uses 20% Small Business Deduction for Employee Raises
VIDEO: NFIB member Tina Miller explains how the permanence of the 20% Small Business Deduction has helped her invest back into her business and community.
Read More