Governor Mikie Sherrill has signed a $60.7 billion state budget, which is the largest in New Jersey's history, just before the legal deadline.

州長 Mikie Sherrill 在法定截止日期前簽署了一份 607 億美元的州預算，這是紐澤西州歷史上最大規模的預算。

The budget provides $12.4 billion for education and $6 billion for public employee pensions, while keeping a projected surplus of $6 billion. Although the administration claims the plan will make living costs more affordable, the budget has a structural deficit, meaning spending is about $1.4 billion higher than income. To cover this gap, the state has introduced a fee for employers with 50 or more employees who rely on Medicaid and has limited corporate tax breaks to increase revenue.

該預算撥款 124 億美元用於教育，以及 60 億美元用於公務員退休金，同時維持 60 億美元的預計盈餘。儘管政府聲稱該計劃將使生活成本更可負擔，但預算存在結構性赤字，意味著支出比收入高出約 14 億美元。為了填補這一缺口，州政府對擁有 50 名或以上員工且依賴 Medicaid 醫療補助的僱主徵收費用，並限制公司稅收抵免以增加收入。

Significant changes were made to the Stay NJ property-tax relief program. The income limit to qualify was lowered from $500,000 to $200,000, and a new tiered system was created, which reduced the program's cost from $1.2 billion to $742 million. At the same time, the child tax credit was increased by 25%. However, these changes and a $110 million cut to the ANCHOR program have been criticized by opposition members and groups like AARP New Jersey, who argue that these cuts hurt residents on fixed incomes.

Stay NJ 物業稅減免計劃進行了重大調整。申請資格的收入上限從 50 萬美元降低至 20 萬美元，並建立了一個新的分級制度，將該計劃的成本從 12 億美元降低至 7.42 億美元。與此同時，兒童稅務抵免增加了 25%。然而，這些變動以及 ANCHOR 計劃中削減的 1.1 億美元遭到了反對黨成員及 AARP 紐澤西等團體的批評，他們認為這些削減損害了領取固定收入居民的利益。

There were also arguments regarding how the budget was created. Republican lawmakers described the process as unclear, noting that spending priorities were introduced late. They specifically criticized 'Christmas tree items'—nearly $748 million in extra spending and grants for local projects—calling them a form of political favoritism. In contrast, Democratic leaders defended the process, asserting that the budget reflects their shared values and emphasizing that a new public budget website improves transparency.

關於預算的制定過程也存在爭議。共和黨議員形容該過程不透明，指出支出優先事項推出過晚。他們特別批評所謂的「聖誕樹項目」——即近 7.48 億美元用於本地項目的額外支出與撥款——稱其為一種政治偏袒。相反，民主黨領袖則為該過程辯護，堅稱預算反映了他們的共同價值觀，並強調新的公共預算網站提升了透明度。

The state begins its new fiscal year with a record spending plan that increases school funding and social credits, but reduces tax relief for seniors and adds new fees for corporations.

該州以一份紀錄性支出計劃開啟新財政年度，增加了學校資助與社會信用，但減少了長者的稅務減免並對公司徵收新費用。