ISSUESWATCH PODCAST

Inside Governor Sherrill’s $60.7 Billion Proposed Budget

April 6, 2026

Is New Jersey’s newest budget proposal truly fiscally responsible? Jeff Kaszerman welcomes Dale Florio (Princeton Public Affairs Group) and Chris Emigholz (NJBIA) to break down Governor Mikie Sherrill’s FY2027 spending plan. From corporate tax deduction changes and fees to record school aid and property tax relief, we explore what this budget means for New Jersey’s business climate and whether NJCPA members believe it’s a step in the right direction.

Topics discussed:

Budget highlights
Overall impressions of the budget
Fiscal responsibility
Impact of federal funding changes
Property taxes
Proposed changes to two business tax deductions
Proposed Medicaid fee for employers
Political landscape
Closing thoughts about the proposed budget

Resources:

Christopher Emigholz

Christopher is the Chief Government Affairs Officer for the New Jersey Business & Industry Association (NJBIA) covering taxation, budget and economic development. Previously, he was a budget director for the State Senate Republican Office for 8 years and directed education policy and legislative affairs in the New Jersey Department of Education prior to that. Chris has a Master of Public Policy degree from Rutgers’ Bloustein School and a Bachelor of Arts degree from Johns Hopkins University.

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Understanding New Jersey’s Record-High Budget

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Dale Florio

Dale J. Florio brings over three decades of public affairs experience to the service of his clients. With a highly successful track record at all levels of government, Mr. Florio is widely recognized as one of the most influential public affairs professionals in the Garden State. In fact, PPAG– Princeton Public Affairs Group has been consistently named New Jersey’s Number One Lobbying Firm for the last fifteen years in a row.A graduate of Allegheny College with a B.S. in Economics and Seton Hall University Law School, Mr. Florio was admitted to the practice of law in New Jersey and Pennsylvania.

Jeffrey Kaszerman

Jeff is the vice president of government relations for the NJCPA. He works with the CEO and the Board of Trustees to create and implement advocacy initiatives that protect and promote the interests of the CPA profession, the business community and the public.

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