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Assemblyman launches NJ ‘Fiscal Sanity Tour’

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.

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Governor Chris Christie addresses budget shortfalls in Trenton.  (Governor's Office/Tim Larsen)
Governor Chris Christie addresses budget shortfalls in Trenton. (Governor's Office/Tim Larsen)
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Christie vetoes Democrats’ tax hike [AUDIO/VIDEO]

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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The Statehouse
Governor's Office, Tim Larsen
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Legislature approves largest budget in NJ history [AUDIO/VIDEO]

The full New Jersey Senate passed a $34.1 billion state budget on Thursday, voting along party lines, with Democrats supporting the spending plan, while Republicans voted against it.

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(Kevin McArdle, Townsquare Media NJ)
(Kevin McArdle, Townsquare Media NJ)
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Does NJ have a spending problem or revenue problem? [POLL]

Jim has been talking about the "chicken or the egg" argument in New Jersey and who is to blame for the state's financial woes.

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Governor Chris Christie addresses budget shortfalls in Trenton.  (Governor's Office/Tim Larsen)
Governor Chris Christie addresses budget shortfalls in Trenton. (Governor's Office/Tim Larsen)
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Judge hearing arguments in NJ pension case [AUDIO]

A judge is scheduled to hear arguments Wednesday in a lawsuit seeking to prevent Gov. Chris Christie from slashing this fiscal year's payment into the public employees' pension fund.

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NJ Senate President Steve Sweeney
State Sen. Pres. Steve Sweeney (David Matthau, Townsquare Media NJ)
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NJ Dems agree on millionaire’s tax [AUDIO]

To meet the state's obligations like fully funding the pension system, the two have agreed to propose a tax increase that would impact only the New Jersey residents earning $1 million a year or more.

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Assembly Chamber at the Statehouse
(Jeff Zelevansky, Getty Images)
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Assembly GOP blasts Dems’ budget plan [AUDIO]

With Democrats in the state Assembly and Senate recently unveiling alternative budget proposals, both of which hike taxes on New Jersey's wealthiest residents, Assembly Republicans held a State House press conference Monday to blast those plans.

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NJ Assembly Speaker Vinnie Prieto
NJ Assembly Speaker Vinnie Prieto (David Matthau, Townsquare Media NJ)
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Assembly Dems propose millionaire’s tax [AUDIO]

Assembly Democrats unveiled an alternative budget on Thursday one day after Senate Democrats released theirs. While the two plans differ slightly, there is one common element: they both call for hiking taxes on the wealthy in New Jersey.

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NJ Senate President Steve Sweeney and Majority Leader Loretta Weinberg propose changes to the state budget. (Kevin McArdle, Townsquare Media NJ)
NJ Senate President Steve Sweeney and Majority Leader Loretta Weinberg propose changes to the state budget. (Kevin McArdle, Townsquare Media NJ)
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NJ Senate leaders propose millionaire’s tax hike [POLL/AUDIO]

Not pleased with Gov. Chris Christie’s spending plan, the top two Democrats in the State Senate presented an alternative state budget Wednesday, which includes a tax increase for New Jersey’s wealthiest residents - something the governor has said he would not accept.

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NJ Assembly Speaker Vinnie Prieto
NJ Assembly Speaker Vinnie Prieto (David Matthau, Townsquare Media NJ)
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Lawmaker: NJ Budget a ‘Work in Progress’ [AUDIO]

The top lawmaker in the General Assembly said lawmakers are not waiting for a court to rule in a lawsuit seeking to stop Gov. Chris Christie from dramatically slashing the state's contribution to the public employee pension system.

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