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.

By: Nikita Biryukov

Outlets: New Jersey Monitor

Published: March 10, 2026

Words: 938

Last Updated: 4 months, 4 weeks ago

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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 property tax relief program championed by the Assembly speaker, among others.

In her first annual budget address to a joint Legislature, Sherrill on Tuesday called for the state to spend nearly $1.7 billion more than it takes in through taxes and fees, …

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