March 10, 2026 – Governor Sherrill delivered comprehensive remarks today outlining the state’s proposed budget for the upcoming fiscal year, emphasizing investments in education, infrastructure, and healthcare while maintaining fiscal responsibility.
Speaking from the State Capitol, Governor Sherrill presented a $45.2 billion budget proposal that reflects a 3.8% increase from the previous year. The Governor stressed that this budget represents “a balanced approach to meeting our state’s growing needs while ensuring long-term financial stability.”
The largest portion of the budget increase will be directed toward education, with $2.1 billion in new funding allocated for K-12 schools and higher education institutions. “Our children deserve world-class educational opportunities,” Sherrill stated, announcing plans to increase teacher salaries by 5% and expand access to early childhood education programs.
Governor Sherrill announced a $1.5 billion infrastructure package aimed at repairing aging roads, bridges, and public transit systems. The plan includes funding for sustainable transportation projects and electric vehicle charging stations across the state.
The budget allocates $800 million to expand healthcare access, including mental health services and substance abuse treatment programs. “Healthcare is a fundamental right, and this budget reflects our commitment to ensuring all residents have access to quality care,” the Governor emphasized.
Despite the increased spending, Governor Sherrill highlighted several cost-saving measures, including government efficiency initiatives expected to save $300 million annually. The budget maintains the state’s rainy day fund at 8% of total expenditures, exceeding recommended levels.
Next Steps
The proposed budget will now move to the state legislature for review and approval. Legislative leaders from both parties have indicated they will begin hearings next week, with a final vote expected by May 1st.
“This budget represents our vision for a stronger, more prosperous state,” Governor Sherrill concluded.”
Governor Rebecca Michelle “Mikie” Sherrill is the 57th Governor of New Jersey. Sworn in on January 20, 2026, she is the first Democratic woman to hold the office and only the second woman in the state’s history to serve as governor.
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