new jersey budget

Gov. Mikie Sherrill gives her first Budget Address in the Assembly Chambers of the State House in Trenton on March 10, 2026.
Apr 23, 2026

NJ launches report card to track spending, programs

Gov. Mikie Sherrill has unveiled a New Jersey budget report card tool to track spending, improve transparency and show how taxpayer dollars are used.

New Jersey's financial landscape press conference
Mar 9, 2026

Sherrill to address New Jersey’s $3B budget deficit

Gov. Mikie Sherrill will outline a plan to address New Jersey’s $3B structural deficit during her March 10 budget address in Trenton.

Gov. Phil Murphy delivered his Fiscal Year 2026 Budget Address in the general assembly chambers of the State House on Feb. 25, 2025.
Jul 1, 2025

Murphy signs $58.8B NJ budget with tax hikes, relief aid

The spending plan includes the largest property tax relief package in state history – as well as tax increases on nicotine, sports betting, internet gaming and more.

New Jersey Treasurer Elizabeth Maher Muoio answers questions after giving her report to the NJ Senate Budget and Appropriations Committee meeting on May 14, 2019.
Jun 19, 2023

Budget negotiations hit speed bumps in home stretch

As negotiations over Gov. Phil Murphy’s proposed $53.1 billion Fiscal Year 2024 spending plan entered the final stages, the process was shaken by a slowdown in tax collections and a newly introduced senior property tax relief program.

Gov. Phil Murphy delivers the FY2024 Budget Address in Trenton on Feb. 28, 2023.
Mar 6, 2023

Business leaders welcome NJ budget proposal, but concerns linger

After Gov. Phil Murphy unveiled a $53.1 billion spending proposal, several organizations applauded decisions such as the sunsetting of the Corporate Business Tax surcharge but said more work needs to be done about business affordability in the state.