Trenton, NJ – Many people in New Jersey are calling their new governor, Mikie Sherrill, another out-of-touch out-of-state millionaire who doesn’t understand the struggles of life in the Garden State. Her latest financial disclosure filed with the state of New Jersey might add some credibility to those making the claims.
New Jersey Gov. Mikie Sherrill’s household reported nearly $3.9 million in income last year, with most of the earnings tied to her husband Jason Hedberg’s Wall Street executive compensation, according to tax information released alongside the governor’s financial disclosure filing.
Sherrill and Hedberg reported about $3.76 million in wages and compensation during 2025, according to partial tax returns first reported by NJ.com and supported by the governor’s recently filed New Jersey financial disclosure statement. The couple also reported roughly $103,000 in stock dividends and about $3,000 in stock interest income.
The disclosure filing separately lists Hedberg’s positions with UBS Securities LLC through October 2025 and RBC Capital Markets LLC beginning in October 2025, both categorized in New Jersey’s highest income disclosure bracket — more than $500,000 annually.
The filing identifies Hedberg’s occupation as “Managing Director.”
Tax Payments Topped $1.6 Million
According to the report, the couple paid about $1.3 million in federal taxes in 2025.
They also paid roughly $343,000 in New York state income taxes, where Hedberg’s finance job is based, along with $35,344 in New Jersey income taxes.
The figures cover the same year Sherrill campaigned for governor while serving in Congress. Sherrill remained a member of the U.S. House of Representatives until November 2025, stepping down shortly after winning the gubernatorial race to succeed Gov. Phil Murphy.
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Key Points
• Mikie Sherrill’s family reported nearly $3.9 million in 2025 income.
• Most of the earnings came from husband Jason Hedberg’s finance executive compensation.
• The couple paid about $1.3 million in federal taxes last year.
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Disclosure Shows Large Investment Holdings
Sherrill’s financial disclosure form also detailed extensive ETF and mutual fund investments held jointly and individually by the couple.
Several holdings fell within New Jersey’s highest disclosure brackets, including investments valued above $500,000. The filing additionally listed multiple mortgages with UBS Bank USA and a jointly held Essex County residential property categorized above the state’s top disclosure threshold.
The disclosure was filed through the New Jersey State Ethics Commission’s public employee financial disclosure system.
Current Status
The financial disclosure and partial tax return information are now public as part of New Jersey’s ethics and transparency requirements for statewide elected officials.