New Jersey’s Budget Crisis: Gov. Mikie Sherrill Vows “No Tax Hikes” Despite Looming $3 Billion Gap

theridgewoodblog.net

Trenton is at a fiscal crossroads. In a high-stakes press conference, Governor Mikie Sherrill officially sounded the alarm on a massive $3 billion structural deficit threatening the state’s financial stability.

But for taxpayers worried about their wallets, the Governor delivered a definitive promise: No new tax increases in the upcoming 2027 fiscal budget.