New Jersey Governor Chris Christie, who cut his revenue outlook for the past two years, is relying on a growth forecast more optimistic than those of all but eight U.S. states to pay for his record budget proposal.
Democratic lawmakers in New Jersey say Republican Governor Chris Christie has turned to financial gimmickry in a deal that pledged national tobacco-settlement revenue to investors in exchange for almost $92 million.
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.
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 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’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.