Listen to this articleThe basics:
- Gov.-elect Sherrill nominates Binder as New Jersey treasurer
- Binder currently serves as the state deputy treasurer
- Position oversees New Jersey’s budget, taxation, pensions & investments
- Binder would succeed Treasurer Elizabeth Maher Muoio, pending confirmation
Gov.-elect Mikie Sherrill has made her latest cabinet pick as her administration rapidly takes shape, nominating Aaron Binder to serve as the next New Jersey state treasurer.
Binder, who currently serves as deputy treasurer, brings extensive experience and expertise to the table. In his current role, Binder assists in managing the state budget and oversees Treasury’s Office of Management and Budget, Office of Revenue and Economic Analysis, the Division of Revenue and Enterprise Services, and the Division of Taxation.
Binder previously served as budget director for the Assembly Budget Committee and deputy executive director for the Assembly Majority Office. He would succeed current Treasurer Elizabeth Maher Muoio.
As treasurer, he will oversee New Jersey’s multibillion-dollar budget, taxation, pensions and investments – managing a department of over 3,000 employees.
In announcing Binder’s nomination, Sherrill stressed that New Jersey needs an experienced leader in the Treasury Department “as we face extraordinary challenges from the Trump administration.”
“That’s why I am excited to nominate Aaron Binder as our next treasurer,” said Sherrill. “Together, we will ensure that New Jerseyans’ tax dollars are being spent wisely, continue to fully fund our pension system, and work to invest in the programs that help families make ends meet.
“I look forward to working with Aaron to make smart financial decisions that lower costs and support our state’s economy.”
Today, I am pleased to announce that Dave Cole will continue to serve as New Jersey’s Chief Innovation Officer, leading the Office of Innovation which today was newly established as the New Jersey Innovation Authority.⁰⁰Dave has been a true leader in this space during his time… pic.twitter.com/pNNP4cvqPi
— Mikie Sherrill (@MikieSherrill) January 5, 2026
‘A wise selection’
Binder expressed gratitude for the nomination and highlighted his focus on fiscally responsible policies.
Team-building
Gov.-elect Mikie Sherrill has announced several key personnel decisions for her administration, including:
“During my time as deputy treasurer, I am proud to have worked on critical efforts to lower costs for New Jerseyans, like funding the pension system and implementing property relief tax programs to lower the cost of renting or owning a home,” said Binder. “I look forward to working with the governor-elect to continue building fiscally responsible budgets that invest in the future of our state, lowers costs for families, and ensure that New Jerseyans’ tax dollars are being spent wisely, efficiently and are invested in the areas that matter most.”
Senate Budget and Appropriations Chairman Paul Sarlo, D-36th District, applauded Sherrill’s pick.
“This is a wise selection,” said Sarlo. “Aaron Binder is a highly skilled fiscal expert. He possesses the experience, knowledge, and sound judgement to serve as New Jersey’s chief financial official. His experience in the executive and legislative branches of state government will be an invaluable asset.
“We will confront serious economic and fiscal challenges ahead that will require an effective partnership between the new Sherrill administration and the Legislature. The trusting working relationship that I have already developed with Aaron will help us manage state finances, contend with economic tailwinds and federal cutbacks, and protect the taxpayers. I am confident that we will build upon this alliance to best serve the residents of New Jersey.”
The New Jersey Business & Industry Association expressed its support for Binder’s selection.
“We have had the good fortune to work with Aaron on tax legislation over the years and have enjoyed having him as part of our events,” said NJBIA President and Michele Siekerka in a statement. “Aaron is proven to be extremely capable of being the lead administrator of the state’s finances, with a deep knowledge and ideas on how to put the state’s best fiscal foot forward.
“We look forward to continuing to work with Aaron in his new capacity and we congratulate him and the incoming Sherrill administration on this excellent appointment.”
From the outgoing treasurer
In a statement, Muoio said she could not be more pleased of Sherrill’s choice of Binder “to step up and assume leadership of this great department.”
“I first worked with Aaron during my time as a member of the Assembly Budget Committee, and asked him to join us in Treasury in late 2021 as we prepared for the start of Governor Murphy’s second term,” said Muoio. “Since that time he has been a highly valued member of my leadership team, serving as Deputy Treasurer and helping oversee the work of our budgeting, revenue forecasting and tax divisions.
“As I prepare to step down after eight years as State Treasurer, I know I am leaving a department much stronger and better prepared to meet future challenges, and it is deeply gratifying to be handing the reins to a trusted and talented colleague who has worked alongside me and who values the mission and people of Treasury as much as I do. Aaron is an excellent choice, and I know he and the Treasury team will continue to serve the people of New Jersey well.”
In December, NJBIZ outlined the state of play as Sherrill approaches her first budget as governor.
