“The Fiscal Year 2027 budget delivers for New Jersey families and carries forward the progress we’ve made in the Legislature to make New Jersey a more affordable place to call home while being responsible stewards of the people’s money.

“I’m especially pleased to pass a budget that includes another year of record property tax relief for New Jerseyans, including our decision to make Stay NJ sustainable for retirees, so that homeowners can count on that benefit being there for them. We demonstrated our commitment to working families by expanding the Child Tax Credit, made a sixth consecutive full pension payment, provided record preschool and K-12 school funding, and maintained support for programs that help first-time homebuyers, those struggling to pay their utility bills, and those in need of food assistance.

“We’ve also made targeted investments in communities across the state to improve the lives of people living there. At the same time, this budget maintains a healthy surplus while cutting the structural deficit by half, and safeguards the State against an anticipated loss in federal funding, and we did this without raising taxes on New Jersey families. We’re proud of the way this budget sticks up for our neighbors, our communities, and our families.”