Gov. Murphy’s income dropped sharply last year, tax returns show. But it’s way more than most make.

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Gov. Murphy’s income dropped sharply last year, tax returns show. But it’s way more than most make.
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The income is the lowest Gov. Phil Murphy, a multimillionaire, has reported since 2010.

made about $684,000 in taxable income last year, a steep tumble from the roughly $5.2 million he took in the year before, according to

Phil Murphy retired from investment backing firm Goldman Sachs more in 2000 and now makes his money largely from stock and other investments, which have been placed inThe Murphys’ income has fluctuated dramatically since taking office, and the 2022 drop-off comes a year after they witnessed a $4 million jump in income. The couple reported about $2.2 million in 2018, $3.

By comparison, the Murphys made $6.8 million in 2017, $4.6 million in 2016, $7.3 million in 2015, $6.4 million in 2014, $4.9 million in 2013, $3.8 million in 2012, $2.7 million in 2011, and $3.2 million in 2010, according to records.

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