US EditionGov. Sherrill’s Budget Plan to Prioritize Education and Affordability
Governor Sherrill aims to close a $3 billion deficit by prioritizing youth mental health, veteran homelessness, and education while avoiding tax increases, officials said.
- In a March 10 address, Governor Mikie Sherrill will present her first budget to the New Jersey Legislature, addressing an about $3 billion structural deficit while pledging no tax increases.
- With mounting state obligations, rising Medicare, state pension and school funding costs alongside the end of federal pandemic relief funding have created severe fiscal pressure, state budget officials say.
- The proposal includes $33 million for youth mental health, $11 million for Bringing Veterans Home, and a record $12.4 billion for K-12 education, including Preschool Aid and tutoring.
- With the first Stay NJ payments going out, Treasurer Aaron Binder said he would not rule out cuts despite Assembly Speaker Craig Coughlin's support, while roughly $900 million will be needed to maintain the program and negotiations will intensify before the June 30 deadline.
- The FY 2027 budget, which runs July 1, 2026 through June 30, 2027, will fund state departments and programs, and the Sherrill administration's affordability and accountability agenda will modernize permitting and energy programs.
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AFP, Jersey 1st Responds to Mikie Sherrill Budget: New Jersey Can’t Spend Its Way Out of a Budget Gap
Trenton, NJ—Today, Americans for Prosperity (AFP) and Jersey 1st released the following statement in response to Governor Mikie Sherrill’s state budget address. New Jersey currently faces a $3 billion deficit, yet the governor’s budget increases and adds funding to several programs. AFP Northeast Regional Director Ross Connolly and Jersey 1st President and Founder Rosemary Becchi released the following statement: “Governor Sherrill promised a…
Gov. Sherrill proposes record $60.7B in spending in first budget address
Gov. Mikie Sherrill on Tuesday called for the state to still spend more than it takes in through taxes and fees, but her plan largely avoids new and costly programs that would boost the state’s expenses. (Photo by Anne-Marie Caruso/New Jersey Monitor)Gov. Mikie Sherrill proposed New Jersey spend a record $60.7 billion in her administration’s first budget plan, one underwritten by the removal of legislative spending additions and cuts to a proper…
Mikie Sherrill set to deliver first budget address as New Jersey governor
New Jersey Governor Mikie Sherill will deliver her first budget address since taking office. The budget address comes at a time when the state faces a $3 billion deficit due to rising Medicare, pension, and school funding costs. “Bottom line, we’re facing a serious structural deficit,” Sherrill told NBC10 back in late February. During her campaign, Sherrill pledged not to implement any new taxes. “What we’re looking at and what we’ll announce in…
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The Indiana Gazette OnlineNJ Gov. Mikie Sherrill delivering 1st budget address Tuesday, says proposal would not raise taxes
The Democratic governor has indicated her budget will not raise taxes in the Garden State.
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