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NJ Legislature Approves $33 Billion State Budget

By a margin of 29 to 11, the New Jersey Senate has passed the almost $33 billion Fiscal Year (FY) 2014 State budget. The Assembly followed suit late this afternoon. The new fiscal year starts midnight June 30.

(Tim Larsen, Governor’s Office)

“This budget shows that government can spend within its means at all levels, just as New Jersey families and job creators must do,” says Sen. Tony Bucco, the ranking Republican on the Senate budget panel. “It also more closely aligns the state services with the people’s needs: Affordability and the opportunity to build better lives for themselves and their families.”

Democrats are upset that the spending plan pushes off property tax rebates for three months and that it does not restore a tax credit for the working poor.

Senate budget committee chairman Paul Sarlo says some Democratic priorities didn’t get funded, such as women’s health clinics and expanded preschools.

Republicans say there’s over $100 million for women’s health services and they claim the budget funds education at the highest level in New Jersey history.


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