N.J. published online budget transparency portal

Gov. Mikie Sherrill published an online budget transparency portal, N.J. Report Card, that outlines proposed statewide spending plans for 2027. It includes descriptions of proposed funding for programs and a breakdown of costs. In March, Sherrill presented a $60.7 billion budget proposal for 2027 with investments towards education, transportation, and property tax relief. The proposed annual budget is 4.5% higher than last year’s while the annual rate of inflation is at 2.4%, meaning that spending increases are adjusted to keep up with rising costs. The final state budget draft is due on Jun. 30.

From New Jersey Monitor.