TRENTON, NJ – New Jersey Governor Phil Murphy is America’s fourth-worst governor according to the “Fiscal Policy Report Card on America’s Governors, 2020“, a report created by the CATO institute.
“Governors receiving an A are those who have cut taxes and spending the most, whereas governors receiving an F have raised taxes and spending the most,” the report says.
The report examines the widely varying tax and spending choices that governors have made in recent years. It discusses ways that states can respond to today’s budget challenges, including tapping revenues from marijuana legalization and cutting costs by prohibiting public-sector collective bargaining. The report also describes how states can prepare for future downturns by building large rainy day funds and creating stable and pro-growth tax bases.
With the 2020 health crisis and recession, governors across the nation are facing tough fiscal choices. However, the need for restraint and recovery provides an opportunity for governors to prune low‐value spending from state budgets and to pursue growth-enhancing tax reforms.
On a scale of 1 to 100, Murphy received a 32 and a letter grade of “F”.
Murphy was one of just seven governors receiving a failing grade, including Ralph Northam of Virginia, Andrew Cuomo of New York, Gretchen Whitmer of Michigan, J. B. Pritzker of Illinois, Kate Brown of Oregon, and Jay Inslee of Washington.