366: Midnight Madness: Unpacking New Jersey’s FY27 Budget

Minutes before the July 1 deadline, Governor Sherrill signed a major new state budget. Is it actually the breath of fresh air New Jersey businesses have been waiting for? Budget expert Chris Emigholz dissects the massive $60.7 billion spending plan, including new revenue raisers and business fees, changes to the STAY NJ program, last-minute budget add-ons and more.

Topics discussed:

• Overall impression of the budget
• New taxes and revenue raisers
• Changes to STAY NJ property tax relief program
• Support for businesses
• “Christmas tree” items
• The budget process/transparency

Resources:

• New Jersey budget
• New Jersey Business & Industry Association