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 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.
Chris Christie is at risk of matching the record of six New Jersey bond downgrades under former Democratic Governor James McGreevey as ratings companies pan the second-term Republican’s revenue forecasts.
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.
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’s revenue fell about $807 million short of Governor Chris Christie’s projections, a development that may force him to make cuts in the state budget with just eight weeks left in the fiscal year.