Is Murphy Hiding A $4 Billion NJ Budget Shortfall? Eric Scott Published: October 8, 2025 Sen. Declan O'Scanlon (R-Monmouth) accuses Gov. Murphy of hiding a $4 billion budget deficit. (AP photos/Canva/Townsquare Media illustration)

⚠️ NJ Sen. O'Scanlon accuses Gov. Murphy’s team of misleading Wall Street about the state’s dire financial condition.

❗ Treasury’s data allegedly hides a $4B budget shortfall as the state prepares to issue $1.5B in new debt.

‍⚖️ SEC complaint may be coming if the Murphy administration doesn’t revise its financial disclosures.

Is Gov. Murphy Misleading Wall Street About NJ’s Finances?

The ranking Republican on the Senate Budget Committee sure thinks so, and he is threatening to file a complaint with the federal Securities and Exchange Commission if the

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