Official Site of The State of New Jersey

Today, Governor Sherrill released a video sharing with New Jerseyans that the full details of the budget are now live – further underscoring her commitment to transparency and accountable state government. Governor Sherrill has proposed the most fiscally responsible budget New Jersey has seen in years – it halves the structural deficit, fully funds our pension system, and does not raise taxes on New Jerseyans. Her affordability budget also would deliver record property tax relief and create more opportunity in New Jersey.

Read more below from the Department of Treasury: 

TRENTON - State Treasurer Aaron Binder announced today that Governor Sherrill's Detailed Budget Book for Fiscal Year 2027 is now available online on the Department of the Treasury's Office of Management and Budget website. 

The book serves as a policy document, operations guide, and financial plan for the Governor's proposed $60.7 billion budget. The proposal outlines the Administration’s plan to fulfill its mandate of making New Jersey more affordable, protecting our children’s futures, and improving government accountability and transparency. 

The FY2027 budget includes proposals for record property tax relief for middle class families; a full payment into the public pension system for the sixth consecutive year; record funding for K-12 schools; and energy initiatives aimed at lowering costs. 

The book also includes summaries of appropriations, revenues, expenditures, and fund balances, and detailed department-by-department appropriations data, as well as budget language recommendations. 

The Budget-In-Brief, which has been available online since the Governor's Budget Address, serves as a more concise snapshot of the Governor's revenue and spending proposals.