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Bill

S 2026

Appropriates $58,782,119,000 in State funds and $31,007,261,743 in federal funds for the State budget for fiscal year 2026.

2024-2025 Regular Session Introduced by Ellen Park and 2 co-sponsors

New Jersey appropriates $89.8 billion (state and federal funds) for fiscal year 2026, advancing to Assembly consideration after Senate passage.

Approved with Line Item Veto P.L.2025, c.74.
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Bill Summary · S 2026

Legislative bill overview

S 2026 is New Jersey's fiscal year 2026 state budget bill, allocating approximately $89.8 billion in combined state and federal funding. The bill has passed the Senate and moved to the Assembly for consideration, where it was substituted for a companion Assembly bill (A5800).

Why is this important

State budgets determine how government funds are distributed across all major services including education, healthcare, infrastructure, and public safety. This $89.8 billion allocation directly affects tax policy, spending priorities, and the financial health of New Jersey residents and municipalities for the entire fiscal year.

Potential points of contention

  • Spending priorities and allocations: Without seeing line-item details, there may be disagreements over funding levels for education, healthcare, social services, or other major programs
  • Tax implications: The budget may include tax increases, decreases, or policy changes that affect different income groups or business sectors differently
  • Federal fund dependency: Reliance on $31 billion in federal funds creates vulnerability to changes in federal appropriations or policy shifts

Compiled from official sources — confirm details with the bill’s official record.

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