ON THE RECORD

State Treasurer Elizabeth Muoio

This week Gov. Phil Murphy submitted his budget proposal. State Treasurer Elizabeth Muoio is the guiding force in the budget process. The $38.6 billion budget includes a proposed millionaire’s tax, over $1 billion is cost savings and a roughly $1 billion surplus. Muoio takes a deep dive into what’s in the budget proposal and assesses the state’s fiscal health.