“As Governor Sherrill announces her spending plan for the upcoming Fiscal Year, the Legislature is preparing to begin its most important responsibility of the year, taking a careful and comprehensive look at how our state will invest in its people and its future. In the weeks ahead, the Assembly Budget Committee will hold hearings on the budget, hearing directly from state agencies, advocates, and residents from across New Jersey to better understand where our attention must be focused, ensuring that every voice is heard.

“The work ahead will require careful review and thoughtful debate as we work to keep our promise to ensure that taxpayer dollars are spent responsibly and that the needs of New Jersey residents are fully considered. As chair of the Assembly Budget Committee, I am committed to present a balanced budget, that reflects the priorities of our families.”

Governor Sherrill presented her first budget address to the Legislature for fiscal year 2027 (FY27). New Jersey is facing a roughly $3 billion structural deficit heading into the year. The overall budget proposes a record $60.7 billion in funding.  

In the address, the state dedicated funds to energy affordability through new clean energy generation, ensuring NJ Transit works for all, and committed to holding Big Tech and our grid operator, PJM, accountable.