Special Report
School Budget Voting Results Released
NJ Senate Passes $31.7B State Budget Plan

Budget Does Not Include Christie’s Proposed Tax Cut

Reported by Kimberly Wallace. Posted on: Jun 25, 2012, 6:36 pm. Last update: Jun. 26, 2012, 12:39 am.
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TRENTON, N.J. — New Jersey’s Democrat-controlled state Senate passed a $31.7 billion budget Monday with a 24-16 vote along party lines, according to reports. Democrats claimed their version of the spending plan responsibly merges their priorities with the governor’s. However, the budget does not include a proposed three-year plan to reduce income taxes by 10 percent. Governor Chris Christie has threatened to veto the budget if the tax cut is not guaranteed to take effect next year. FiOS1’s Kimberly Wallace reports.