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N.J. Gov. Murphy Highlights Baby Bonds Proposal in Revised FY 2021 Budget
September 10, 2020
PATERSON, New Jersey, Sept. 10 -- Gov. Phil Murphy, D-New Jersey, issued the following news release on Sept. 9:

Governor Phil Murphy today joined with legislators, faith leaders, and community advocates to highlight the importance of the Baby Bonds initiative in his Revised Fiscal Year 2021 Budget, which will provide a $1,000 deposit into an account for every baby born into a household with income less than 500 percent of the Federal Poverty Level ($131,000 for a family of four) in . . .

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