The New Jersey FY27 Budget Address kicks off Budget Season, and this year it isn’t going to be easy.
Nancy Flynn Youngkin Nancy Flynn Youngkin

The New Jersey FY27 Budget Address kicks off Budget Season, and this year it isn’t going to be easy.

New Jersey Governor Mikie Sherril gave her first State Budget Address for Fiscal Year 2027 (FY27), focusing on affordability, responsibility and accountability. She talked about a $3 billion structural deficit. Currently New Jersey is working with a surplus, by way of previous funding such as COVID relief, but that funding is going away. A proactive approach could help avoid potential cuts to things like school funding or tax hikes.

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