HEADLINES : New Jersey

Gov Christie's budget speech will announce plan for proposed income tax cut

NJ.com | by Jarrett Renshaw | February 21, 2012

TRENTON - Gov. Chris Christie today will unveil a state budget that is expected to show how he intends to pay the first installment of his proposed income tax cut and how much state aid public schools will get.

The Republican governor will deliver an annual budget speech that kicks off what could be another contentious debate with the Democrat-dominated state Legislature. Last year, Christie sliced about $900 million in programs endorsed by Democrats in finishing a $29.7 billion spending plan.

Mayors, school administrators and residents are hoping the governor will restore some of the cuts he made during the recession. At the same time, Christie will have to chip in far more to the public employee pension system as a result of a reform bill he signed last year. Christie's office refused to disclose details of the budget in advance of the speech.

 

Related Publications