Gov. Sherrill provides grim outlook on state finances ahead of budget speech

As Gov. Mikie Sherrill prepares for a budget address expected to focus on reducing spending, she warned Thursday that state reserves won't last without cuts.

By: Nikita Biryukov

Outlets: New Jersey Monitor

Published: February 26, 2026

Words: 863

Last Updated: 1 week, 6 days ago

Body Text Preview

Gov. Mikie Sherrill warned the state’s current spending trajectory would see New Jersey’s reserves drained before June 2028 as she again pledged to cut spending to constrain the dwindling of the state surplus.

Sherrill presented her grim outlook on the state’s finances to reporters at the Statehouse in Trenton on Thursday, and said there will be “tough choices” ahead. Sherrill, a Democrat who took office on Jan. 20, is expected to present …

Create a free account to access this story and more

Join Plucky Wire to access full stories, collaborate with newsrooms, and discover content from networks around the world.

Email Us