US EditionNew Jersey Gov. Mikie Sherrill Talks Property Taxes, Energy Costs, NJ Transit and More During First Budget Address
- On March 10, 2026, Governor Mikie Sherrill presented her first state budget, a $60.7 billion plan, to a joint session of the Legislature at the Statehouse in Trenton.
- Because pandemic-era relief has stopped, Sherrill warned during a Feb. 26 press conference, New Jersey faces a roughly $3 billion deficit requiring cuts and reforms.
- The plan relies on about $2 billion in spending cuts and more than $700 million from closing corporate loopholes, including a business loss deduction cap of $1 million and a per-employee fee of $325–$725 for employers with 50+ NJ FamilyCare enrollees.
- The proposal would leave a $5.4 billion surplus and close the gap to $1.7 billion, and the plan now goes to lawmakers for roughly three months of hearings before July 1.
- Sherrill promises nearly $4.2 billion in property-tax relief next year, including $700 million for Stay NJ with eligibility capped at $250,000 and a $4,000 maximum benefit, to safeguard middle class seniors.
22 Articles
22 Articles
NJ Gov. Sherrill’s First Budget Reflects Democrats’ National Affordability Push
New Jersey Governor Mikie Sherrill this week presented her first state budget, a $60.7 billion spending plan that proposes record property-tax relief, a reduction in the structural deficit, and no new taxes on individual residents. “Government hasn’t been working the way it can, the way it should,” the Democratic governor said as she addressed lawmakers at the state capitol on Mar. 10. “And here in New Jersey, a broken budget is at the heart of …
Gov. Sherrill plan seeks to fine big companies with workers on Medicaid
Gov. Mikie Sherrill gives her first budget address to the Legislature at the Trenton Statehouse on March 10, 2026. (Photo by Anne-Marie Caruso/New Jersey Monitor)New Jersey taxpayers spend hundreds of millions of dollars annually to cover the cost of health insurance for employees at big companies like Amazon, Walmart, and Target who are on Medicaid, a practice Gov. Mikie Sherrill said this week she wants to curtail. On Tuesday, Sherrill unvei…
Sherrill $60.7B N.J. budget shrinks a senior property tax break
Gov. Sherrill proposes first state budget: What to know
TRENTON, N.J. (PIX11) — It's her biggest day in Trenton so far as Governor Mikie Sherrill announces her first State Budget for Fiscal Year 2027. "Today, I’m submitting to this Legislature the most fiscally responsible budget that our State has seen in years," said Sherrill (D-NJ). "It fully funds our pension system. It does not [...]
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