New Jersey Democrats, who control the legislature, reached agreement with Republican Governor Chris Christie on a spending plan for the fiscal year that begins July 1, Senate Budget Committee Chairman Paul Sarlo said.
New Jersey revenue may miss Governor Chris Christie’s targets by as much as $937 million over the next 13 months as collections from online gambling and energy taxes fall short, the legislature’s chief fiscal analyst said.
Governor Chris Christie called a New Jersey Senate Democrat an “arrogant S.O.B.” over the failure to guarantee a tax cut in the Legislature’s $31.7 billion spending plan, without saying whether he’ll veto it.
New Jersey property tax bills, the highest in the U.S., may rise an average of $600 to make up for Governor Chris Christie’s proposed cuts in school and municipal aid, the state Senate budget committee chairman said.
New Jersey’s revenue collections may trail Governor Chris Christie’s estimates by a combined $537 million this fiscal year and next as taxes on income and casinos fall short, the Legislature’s chief budget analyst said.
New Jersey Governor Chris Christie, a Republican at odds with his own party over delays in federal aid for Hurricane Sandy victims, said storm recovery will dominate the year and determine whether he wins a second term in November.
New Jersey Governor Chris Christie will sign Democratic lawmakers’ $140.5 million version of a bill to provide aid to distressed cities, Senate Budget Committee Chairman Paul Sarlo said in a telephone interview.
New Jersey Governor Chris Christie ’s administration intends to sell $1.4 billion in bonds for the Transportation Trust Fund in October and is talking with lawmakers in an effort to end resistance to the transaction, Treasurer Andrew Sidamon-Eristoff said.