In a series of late-night votes, New Jersey lawmakers have approved a record $60.7 billion budget for the fiscal year, marking a significant development in the state’s financial planning. Governor Mikie Sherrill’s first budget aims to address various priorities, including increased school aid and new spending initiatives totaling $360 million, despite criticisms over its affordability implications and provisions regarding senior tax relief. The budget, which has been met with mixed reactions, including a no vote from Senator Space on affordability grounds, also faces scrutiny for its handling of tax breaks for businesses and property owners. As parties finalize details, major changes to programs such as the revamped Stay NJ tax benefit have emerged, highlighting ongoing concerns surrounding transparency and financial management in the state.