To navigate and find information that highlights the State Budget, see the Budget Publications link, which begins with the current fiscal year.
Who puts the Budget together?
With direction from the Governor, the annual budget for the State of New Jersey is the responsibility of the Office of Management and Budget (OMB). The OMB Director works closely with his/her staff as well as the fiscal staff in the various State agencies and departments to ensure that the State of New Jersey manages taxpayer resources wisely and efficiently.
What is the budget cycle timeline?
The planning, development, and implementation of the Budget is an on-going cycle. See the State Budget Process for further details.
What is the General Fund?
The funds into which all State revenues, not otherwise restricted by statute, are deposited and from which appropriations are made. The largest part of the total financial operations of the State is accounted for in the General Fund. Revenues received from taxes, except the Gross Income Tax, which is deposited in the Property Tax Relief Fund, most Federal revenue, and certain miscellaneous revenue items are recorded in the General Fund. The Appropriation Acts enacted by the Legislature provide the basic framework for the operation of the General Fund.
When is the State’s fiscal year?
The State of New Jersey’s fiscal year begins on July 1st and ends on June 30th of the following calendar year.
What if I want to make a recommendation regarding the Budget?
To make a Budget recommendation, contact your Senate and/or Assembly Representatives. A list can be found on the Legislative Directory.
What is GFOA?
The Government Finance Officers Association (GFOA) presents awards to distinguished governmental units who illustrate financial policies and best practices that closely align with its own missions and objectives. The State of New Jersey, a member organization of GFOA, prides itself in achieving the highest standards in government accounting and financial reporting. For more information about GFOA, click the link displayed on the OMB homepage in the bottom left corner or go directly to the GFOA website.