Legislative analysts warn New Jersey surplus is large but eroding; structural deficit a concern
Office of Legislative Services told the Senate Budget and Appropriations Committee that a projected $6.3 billion year-end surplus for FY 2026 is substantial historically but will shrink if current trends continue; OLS and the executive branch differ modestly on revenue forecasts and flagged heightened uncertainty for FY 2026.
The full story
The Office of Legislative Services told the Senate Budget and Appropriations Committee on April 1 that New Jersey faces a substantial but shrinking budget surplus and a structural imbalance between recurring revenues and recurring spending.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in