Statement on Governor Mikie Sherrill’s FY2027 State Budget

The following is a statement from Christina M. Renna, president & CEO, Chamber of Commerce Southern New Jersey:

For southern New Jersey's business community, today's budget address contained reasons for encouragement and questions that deserve careful consideration. We welcome the Governor's commitment to energy diversity, permitting reform, and housing affordability - all issues that directly affect our region's ability to attract investment, grow businesses, and retain a workforce.

Transportation is of particular importance to us, and we are pleased to see continued investment in infrastructure that connects South Jersey's workers and employers. The Chamber has been an active advocate in this space and looks forward to continuing that partnership with the administration.

Southern New Jersey stands at a remarkable moment of opportunity. Positioned between Philadelphia and New York, our region is preparing to welcome the world for America's 250th anniversary and the FIFA World Cup. The Governor's investments in infrastructure, affordability, and accessibility are not just fiscal decisions - they are the foundation on which our regional tourism and hospitality economy will capitalize on this once-in-a-generation moment. As the budget is finalized, we urge the administration and the Legislature to ensure that southern New Jersey is not forgotten and has the resources and attention necessary to deliver on that promise.

Turning to the specific provisions of the budget, we have taken note of the Governor's proposed changes to corporate tax provisions, and will be reviewing their implications for businesses across our membership as the budget process moves forward.

Lastly, the proposed employer Medicaid mandate will require serious scrutiny. Many of our member companies employ exactly the workforce this provision targets, and the impact on employers of all sizes across our region is a conversation we intend to be part of as the budget moves through the Legislature. In a region that borders both Pennsylvania and Delaware, competitiveness is not theoretical - policies that raise the cost of doing business here have consequences that our neighbors are happy to absorb.

Governor Sherrill has made clear she intends to govern differently. The Chamber of Commerce Southern New Jersey looks forward to being a constructive partner in that effort over the next several months.

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The Chamber of Commerce Southern New Jersey is the region’s largest and influential business association, representing nearly 1,300 businesses, of which 85 percent are small businesses, as well as over 200 nonprofits.