Business groups optimistic on Sherrill budget

The governor has proposed limiting businesses' ability to deduct losses as part of her $60.7 billion budget proposal.

By: Nikita Biryukov

Outlets: New Jersey Monitor

Published: April 21, 2026

Words: 762

Last Updated: 3 months, 1 week ago

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Gov. Mikie Sherrill’s first budget has drawn cautious optimism from New Jersey’s business community despite a trio of proposed changes that would raise some companies’ tax obligations

Though some were wary of tax changes that would raise levies on New Jersey’s businesses by roughly $750 million, industry lobbying groups were broadly optimistic about Sherrill’s budget, praising its attempt to narrow gaps between spending and revenues and related efforts to speed permitting and slow growing energy …

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