Slight Boost in Jobs, Tax Revenue Ahead of Sherrill’s First Spending Proposal

NJ SEED
Feb 3
1 min read

January 26, 2026 | njspotlightnews.org

After a solid month of hiring in December, New Jersey’s economy ended last year with a net gain of 9,000 jobs, the latest federal data show.

State tax collections were also running slightly ahead of a projected growth rate as the fiscal year reached its Dec. 31 midway, according to the New Jersey Department of the Treasury.

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NJ SEED: Better than expected tax revenues have got to be helpful to Gov. Sherrill as she prepares an agenda based on a budget with a massive hole in it.

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