The average annual rate of growth in revenue has been 3.4 percent over the last four years. The average annual rate of growth in expenditures has been 3.1 percent. Governor Whitman cut taxes 17 times during her first term. The largest area of state spending included in the budget is public education. This budget maintains parity in spending among all of the state's school districts.
New Jersey invests more money per pupil than any other state in the nation.