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Will Newark Budget Include Property Tax Cut?

Newark mayor and Senate hopeful Cory Booker says homeowners will see a reduction in property taxes on their next bill.

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Governor Chris Christie
Spencer Platt, Getty Images
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Is Chris Christie’s Tax Cut Demand Political Genius? [AUDIO]

Gov. Chris Christie continues to demand a tax cut and now he says the Democrat-controlled legislature has no reason not to enact the cut. Christie is offering lawmakers a "circuit breaker" that allows them to repeal the tax cut if they believe the state cannot afford it.

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Governor Chris Christie
Governor's Office, Tim Larsen
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Chris Christie Says NJ Can’t Afford Not to Cut Taxes [AUDIO]

The constitutional deadline for a signed and balanced State Budget is midnight June 30th, less than four weeks from today. Sagging state revenues have many wondering if any of the three competing tax cut plans afloat in Trenton are going to go under. Governor Chris Christie insists there will be a tax cut.

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Assembly Democratic Leader Lou Greenwald
Assemblyman Lou Greenwald (NJ Assembly Democrats - Facebook)
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Chris Christie and Lou Greenwald Spar Over NJ Tax Cut Plans [AUDIO]

Governor Chris Christie wants to cut income taxes by 10% for every New Jerseyans. Assembly Democrats have a plan they say can provide a 20% property tax cut for those who need it most. The battle lines are clearly drawn for Christie and Assembly Majority Leader Lou Greenwald and neither man is backing down.

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Gov. Chris Christie Discusses Dueling Tax Cut Plans

Gov. Chris Christie says it's a good day for New Jerseyans because the Democratic leader of the state Senate agrees that residents deserve an income tax break.

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