budget

New Jersey's revenue collection for September are up 7 percent compared with 2014 and the state's year-to-date receipts have risen nearly 5 percent from the same period in the last fiscal year.

Gov. Chris Christie is expected to formally launch his presidential campaign at Livingston High School on Tuesday. His speech will likely boast of his accomplishments, including his recent vetoes of more than 1.6 billion from the 2016 budget approved by the Democratic-controlled Legislature.

TRENTON (AP) — Republican New Jersey Gov. Chris Christie used his veto pen Friday to strip more than $1.6 billion from the 2016 budget approved by the Democratic-controlled Legislature and signed a roughly $34 billion budget into law.

With less than two weeks to go before lawmakers must meet a constitutional deadline for a signed and balanced state budget, New Jersey's budget process is about to kick into high gear.

As New Jersey's deadline approaches to have a balanced budget in place, a showdown is brewing between Democrats and Republicans.

State revenues are on pace to exceed expectations, and Gov. Chris Christie's administration will put the cash toward New Jersey's public pensions, his top treasury official said Wednesday.

Gov. Chris Christie's administration says New Jersey now expects to collect up to $200 million in additional revenue between now and June 30.

For the past several years revenue projections presented by Gov. Chris Christie and by the non-partisan Office of Legislative Services have missed the mark which has led to finger pointing by Christie and many members of the Legislature. Now, a measure being pushed by Assembly Budget Committee Chairman Gary Schaer (D-Passaic) could bring an end to revenue disputes.

Leaders of the Assembly Republican caucus held a Statehouse press conference Monday to call on Democrats to take action on various reform bills stalled in the legislature. A spokesman for the Assembly Democrats said Republicans are standing in the way of important legislation that is already advancing.

Despite needing to plug a nearly $807 million budget gap before June 30, a hike in New Jersey's millionaire's tax is not likely to happen as a method for producing new revenue according to state treasurer Andrew Sidamon-Eristoff.