Governor not ruling out cuts to Stay NJ tax relief program, treasurer says

Cuts to Stay NJ are on the table as Gov. Mikie Sherrill weighs methods to close New Jersey's $1.5 billion structural deficit.

By: Nikita Biryukov

Outlets: New Jersey Monitor

Published: February 16, 2026

Words: 1,137

Last Updated: 3 weeks, 1 day ago

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Gov. Mikie Sherrill’s administration has not ruled out cuts to nascent property tax relief program Stay NJ as Sherrill seeks to narrow a gap between state revenue and spending, acting State Treasurer Aaron Binder told the New Jersey Monitor.

Though Sherrill, a Democrat who took office last month, has yet to reveal the breadth of her ambitions for the budget, she’s made clear her first appropriations plan will focus on controlling …

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