TRENTON, N.J. — Gov.-elect Mikie Sherrill on Monday announced she will nominate Aaron Binder to lead the New Jersey Department of the Treasury, selecting the current deputy treasurer to oversee the state’s finances and fiscal policy.
If confirmed, Binder would oversee New Jersey’s multibillion-dollar budget, taxation, pensions and investments and manage a department of more than 3,000 employees. Binder currently serves as deputy treasurer and previously worked as budget director for the Assembly Budget Committee and deputy executive director for the Assembly Majority Office.
“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. 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,” Sherrill said.
Binder said he is honored by the nomination and emphasized his commitment to fiscal responsibility.
“I am honored to be Governor-elect Sherrill’s State Treasurer nominee. 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. 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,” Binder said.
As deputy treasurer, Binder assists in managing the state budget and oversees the Office of Management and Budget, the Office of Revenue and Economic Analysis, the Division of Revenue and Enterprise Services and the Division of Taxation. During his 16-year tenure with the Assembly Majority Office, he played a key role in state budget negotiations and worked on policy issues including public employee pensions and benefits, banking and insurance, transportation and health care.
Before joining state government, Binder held financial roles with Congreso de Latinos Unidos, Amtrak and the City of Philadelphia.
Outgoing State Treasurer Elizabeth Maher Muoio praised the nomination and Binder’s leadership.
“I could not be more pleased about Governor-Elect Sherrill’s choice of Aaron 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. 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,” Muoio said.
