If you missed the NJCPA’s IssuesWatch Budget Analysis, you can watch a replay. The content is accurate as of the original date presented, 3/18/25. There is no CPE for this on-demand replay.
DESIGNED FOR
All CPAs and financial professionals
BENEFITS
Gain insight into New Jersey’s fiscal health.
HIGHLIGHTS
On Feb. 25, Governor Phil Murphy delivered his budget proposal for New Jersey’s 2026 fiscal year, which begins July 1. The proposed $58.05 billion budget includes the following:
- $7.2 billion full pension payment
- $6.3 billion surplus
- Nearly $4.3 billion in direct property tax relief
- $1.3 billion for pre-K and $12.1 billion for K-12 schools
- $1.5 billion for NJ Transit, including $815 million from the corporate transit fee
- $1.2 billion in new fees and taxes, including tax increases for reality transfers, sports betting, alcohol, adult-use marijuana and cigarettes
- $100 million for expanding apprenticeship programs and workforce development
- Tax credit for manufacturing next-generation products in New Jersey
- A cap on new discretionary spending
Join us as our panel examines the major elements of the proposed budget and their implications, as well as any potential barriers to getting the budget passed by the Legislature.
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ADVANCE PREPARATION
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