New Jersey has one of the highest budget surpluses in state history , but it’s expected to run dry by 2028 since the state is spending $1.2 billion more than it’s taking in. That leaves the state stuck between raising taxes or cutting its expenditures .
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5 of the biggest reasons N.J.’s record-spending budget is increasing

The state is stuck between raising taxes or cutting it’s expenditures. Here are the items that are receiving the largest increases in spending.