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Politics

Sherrill's First NJ Budget Targets Education & Efficiency

Gov. Mikie Sherrill will introduce her first state budget Tuesday, pitching what her office describes as an "affordability budget" that combines fiscal restraint with targeted investments in public education and youth mental health services. The budget carries a $12.4 billion formula aid proposal for K-12 education, the largest such allocation in state history, according to a source familiar with the governor's plan. Sherrill frames the spending as both a financial commitment to New Jersey families and a statement about the direction she intends to take state government after campaigning on promises of accountability and lower costs.

Darnell Jackson |
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NJ Budget Address: Sherrill Faces $3B Gap & Stay NJ Cuts

Governor Mikie Sherrill steps to the podium today to deliver her first budget address in Trenton, and the pressure is already building before she says a word. Legislative leaders huddled with Sherrill ahead of the address, with early signals suggesting the proposal will prioritize education and government efficiency. But those priorities collide head-on with a $3 billion budget gap that analysts say could ripple directly into New Jersey households.

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Princeton Area Community Foundation Appoints Two New Trustees to Board

The Princeton Area Community Foundation has appointed two new trustees to its board, adding expertise in investment management and nonprofit leadership to the organization that has awarded more than $262 million in grants since 1991. The board voted unanimously to appoint Aamir A. Rehman of Princeton Junction in West Windsor and Trenton resident Lucy I. Vandenberg to three-year terms as trustees, according to the foundation.

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Business

New Jersey's $1 Billion Film Industry Boom Creates Banking Opportunities

New Jersey's rapidly expanding film and television industry generated nearly $1 billion in economic activity this year, creating untapped opportunities for the state's financial institutions, according to industry leaders who spoke at the New Jersey Bankers Association's annual Economic Leadership Forum. Choose New Jersey marked its 15th anniversary by celebrating this $1 billion economic impact, underscoring the state's commitment to attracting major entertainment investments.

Karen O'Brien
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Governor Sherrill Scales Back $10.7B Newark Bay Bridge Project to $6.7B

Gov. Mikie Sherrill announced March 3 she is reducing the scope of the New Jersey Turnpike Authority's controversial Newark Bay Bridge expansion project, cutting the cost from $10.7 billion to $6.7 billion while addressing environmental and traffic concerns raised by local officials and advocacy groups.

Karen O'Brien
Female judge in a courtroom setting, focusing on legal documents with a gavel. Business

Supreme Court Rules NJ Transit Can Face Out-of-State Lawsuits

The U.S. Supreme Court unanimously ruled Wednesday that NJ Transit cannot claim sovereign immunity from lawsuits filed in other states, clearing the way for out-of-state residents injured by the agency's buses to pursue legal action outside New Jersey.

Michelle Torres