Murphy signs New Jersey's nearly $51 billion budget

New Jersey Democratic Gov. Phil Murphy signed a record $50.6 billion budget that pours $2 billion into property tax relief for homeowners and renters and lifts spending 9% over last year. The giveback to taxpayers reflects Democrats' desire to address what they and others call an "affordability crisis" in the state, whose property taxes top most states' and where typically low gas prices are teetering toward $5 a gallon.