ISSUESWATCH PODCAST

Midnight Madness: Unpacking New Jersey’s FY27 Budget

July 14, 2026

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:

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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Inside Governor Sherrill’s $60.7 Billion Proposed Budget

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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