Sherrill Budget Plan Tops $60 Billion, a Record for NJ

March 10, 2026 | njspotlightnews.org

Gov. Mikie Sherrill has proposed a record, $60.7 billion state budget that calls for increased spending on public education and mass transit, and continued major investment in direct property tax relief and worker pensions. 

As state government grapples with a significant structural budget imbalance, Sherrill, a first-term Democrat, is also calling for some reductions in planned spending as part of the budget she’s proposed for the fiscal year that begins July 1.

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NJ SEED: The Legislature has until midnight July 1 to enact a balanced budget for fiscal Year 2027. A lengthy process, but with strong Democratic majorities in both houses the budget will likely be adopted and sent to the governor long before the deadline.