Agreement Reached on $60.7 Billion NJ Spending Plan for Next Fiscal Year

Gov. Mikie Sherrill and the Legislature’s top Democrats say they have a deal on state government’s next annual budget, paving the way for its final adoption in the coming days.

The full details of the agreement were not disclosed in a joint statement issued Tuesday (6/23) afternoon by Sherrill, Senate President Nicholas Scutari (D-Union) and Assembly Speaker Craig Coughlin (D-Middlesex).

The three leaders, though, said their agreement calls for a $60.7 billion budget to be adopted for the fiscal year that begins July 1.