Republican candidate for governor Jack Ciattarelli said school aid should be distributed evenly per student statewide, with extra for English language learners.
The cap on state and local taxes that can be claimed as a deduction on federal taxes, better known as the SALT cap, has been seen as an attack on Democratic states, particularly high-tax states such as New Jersey, New York and Connecticut.
Benefits for eligible homeowners have long been based on 2006 property tax information, even as bills continued rising. The change in the budget will boost benefits $130 or more.
Bill would let local governments borrow up to 30% of their budget and repay it over 10 years without needing permission from local voters or the state.
In a party-line vote, Assembly approves plan to patch over steep declines in government revenues by borrowing billions of dollars to pay current expenses.