The New Jersey Chamber of Commerce on Wednesday outlined support for elements of Gov. Mikie Sherrill’s proposed $60.7 billion state budget, while also expressing concern over items that raise costs for some business and might hurt the state’s economic competitiveness.

Testifying before the Assembly Budget Committee March 18, NJ Chamber Executive Vice President of Government Relations Michael Egenton praised the Sherrill administration’s work to address a roughly $3 billion structural deficit and cut red tape, but cautioned that some provisions would essentially raise taxes on some businesses and threaten job growth.  

“This comes at a time when New Jersey already faces significant competitiveness challenges,” Egenton said.