NJ FY2027 state budget size
New Jersey passed its largest-ever state budget at $60.7 billion (with supplemental spending pushing totals above $61 billion) for fiscal year 2027 under new Gov. Mikie Sherrill. The budget, a 3.7% increase over the prior year, includes record school aid, a full pension payment, property tax relief, and increased NJ Transit funding. Republicans criticized a lack of transparency on discretionary spending items and called for deeper spending cuts, while Democrats highlighted investments in schools, pensions, and family tax credits.
Should New Jersey continue increasing overall state spending at the current pace?
Tap a point along the line below to show where you stand.
How important is this to you?
✓ You told us where you stand
Sources
Nikita Biryukov, New Jersey Monitor — https://newjerseymonitor.com/2026/06/30/nj-passes-budget
Lawmakers in both legislative chambers approved a $60.7 billion spending bill and hundreds of millions in additional funding that will take New Jersey's overall expenditures above $61 billion just hours ahead of the budget deadline Tuesday.
John Reitmeyer, NJ Spotlight News — https://www.njspotlightnews.org/2026/07/nj-lawmakers-rush-to-get-61-billion-in-spending-signed-into-law
Republicans ask: Where is the transparency that Sherrill had promised on millions of dollars in 'Christmas tree' items?
Jersey Vindicator — https://jerseyvindicator.org/2026/03/12/explained-whats-in-gov-mikie-sherrills-first-new-jersey-budget
Republican lawmakers quickly criticized the plan, arguing the administration should focus more heavily on spending cuts.
Positions on this issue · liberal → conservative
- NJ should significantly expand spending on social services, education, and infrastructure beyond current levels.
- The $61B budget is a reasonable investment in NJ's future; modest annual increases tied to inflation are appropriate.
- Spending growth should be paused until the state's structural deficit is fully resolved.
- The state should cut discretionary 'Christmas tree' spending items and hold overall spending flat.
- NJ should significantly reduce the overall budget through broad program cuts to lower the tax burden on residents.