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Gov. Sherrill signs record $60.7 billion budget for New Jersey

Gov. Sherrill called it an “affordability and opportunity budget that puts New Jersey families first.”

Matt Trapani

Jun 30, 2026, 10:27 PM

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Gov. Mikie Sherrill signed her inaugural budget plan for a record $60.7 billion as she faced a midnight deadline Tuesday night.

Sherrill called it an “affordability and opportunity budget that puts New Jersey families first.”

“We’re delivering the most property tax relief in state history, investing in our kids, making housing more affordable, fully funding our pension system, cutting our structural deficit in half, and growing our surplus – all without raising taxes on individual New Jerseyans,” Sherrill wrote in a statement.

Sherrill’s budget will be one of many topics discussed on this weekend’s “New Jersey Power & Politics” program.

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