New Jersey’s budget increased, cumulatively, more than pop+inf in state funds and all funds from 2013-22. 

State Funds Budget Data

  • Estimated 2023 State Funds Budget ($ Billions): $62.86
  • Budget Limit ($ Billions): $66.53
  • Budget Limit Growth ($ Billions): 5.85%
  • Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $1,466.46
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $5,866
  • Cumulative cost per person of budgeting more than pop+inf over the last decade: $4,683.30
  • Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $18,733.20

State All Funds Budget Data

  • Estimated 2023 All Funds Budget ($ Billions): $91.94
  • Budget Limit ($ Billions): $97.32
  • Budget Limit Growth ($ Billions): 5.85%
  • Cost per person of budgeting more than pop+inf over the last decade in 2022 budget: $5,287.81
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2022 budget: $21,151.23
  • Cumulative cost per person of budgeting more than pop+inf over the last decade: $17,128.26
  • Cumulative cost per family of 4 of budgeting more than pop+inf over the last decade: $68,513.05

Other Considerations