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New Jersey's ANCHOR Program Distributes $489M Amid Budget Crisis

10/1/2025

38 7 Full Breakdown

Summary

Story summary

New Jersey's ANCHOR program began payments on Sept. 15, 2025.
Total payments exceed $489 million across 352,000 checks; paper checks and direct deposits.
Eligibility: residency, property tax payment, and income limits—homeowners up to $250k; renters up to $150k.
Applications remain open until Oct. 31, 2025; NJ PBS faces 2026 closure due to budget cuts, prompting board resignations.

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Story summary

New Jersey's ANCHOR program began payments on Sept. 15, 2025.
Total payments exceed $489 million across 352,000 checks; paper checks and direct deposits.
Eligibility: residency, property tax payment, and income limits—homeowners up to $250k; renters up to $150k.
Applications remain open until Oct. 31, 2025; NJ PBS faces 2026 closure due to budget cuts, prompting board resignations.