Appropriates $60,743,569,000 in State funds and $30,495,124,195 in federal funds for the State budget for fiscal year 2027.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill officially enacts New Jersey’s state budget for fiscal year 2027, allocating a total of $91.238 billion in funding – $60.743 billion from state sources and $30.495 billion from federal funds. The budget prioritizes affordability and aims to reduce costs while maintaining essential services for residents. Key investments are planned in property tax relief, education, pension payments, economic development, workforce training, and public health and safety. Minor revisions were made to ensure compliance with federal regulations.
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Sponsors
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6 on record
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