New Jersey's State Budget must be signed and balanced by midnight on June 30. That doesn't leave much time to find ways to fund many initiatives and there is not a lot of money to go around. Despite that, the top lawmaker in the State Senate promised the new spending plan will help New Jersey's poor.
For more than a decade, New Jersey has been cash-strapped, to say the least. Assembly Republican Leader Jon Bramnick said it is time for a common sense approach to righting the ship. At a State House press conference Monday, Bramnick announced his summer "Fiscal Sanity" tour.
As he vowed to do, Gov. Chris Christie signed a balanced $32.5 billion state budget into law Monday, but not before he cut two tax increases Democrats inserted to generate revenue to fully fund their year's public employees' pension fund payment.
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