Federal Cuts Could Undermine Chris Christie’s Budget
Gov. Chris Christie is hoping the budget he presents Tuesday isn’t built on shifting sands.
Christie’s fourth budget could be thrown into turmoil almost immediately if President Obama and Congress fail to strike a deal on federal budget cuts set to take effect Friday.
The cuts threaten to reduce the $60 billion Superstorm Sandy relief package approved for New Jersey, New York and Connecticut after the late-October storm and cut other services.
The governor’s budget counts on relief funds to help cities and towns whose revenue base was upended by the storm.
Christie says residents whose homes survived the storm can expect to pay higher property taxes.
Republican Budget Officer Declan O’Scanlon, who represents some of the hard-hit Shore towns, says federal aid has been earmarked to cushion the blow.
(Copyright 2013 by The Associated Press. All Rights Reserved.)