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Govenor Christie signs contentious budget

Wednesday, July 9, 2014   (0 Comments)
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Govenor Christie signs contentious budget

Governor Chris Christie signed off on a $32.5 billion budget for Fiscal Year 2015, which is more than $1 billion lower than the budget sent to him by the Legislature and that spends $2.3 billion less than the Fiscal Year 2008 budget on items not related to public employee pensions, health benefits, and debt service. Christie used his veto power to keep his pledge not to add more taxation to his backers. While the budget makes a $681 million payment to New Jersey's pension funds, those who are on the business end of that deal still are battling Christie over how he adjusted the payment.

Assembly Speaker Emeritus Sheila Oliver (D-Essex/Passaic) released the following statement on one of Christie's vetoes, which was the Earned Income Tax Credit proposed by Democrats as part of the budget for next fiscal year: "Year after year, the governor has made reckless fiscal choices based mostly on bloated budget projections by his administration. New Jersey residents continue to pay the price. "Unlike this administration, Democrats put forward a budget that met the state's financial obligations while restoring funding to women's healthcare and reinstating the Earned Income Tax Credit. These are programs that were neglected in previous budget years by Gov. Christie.

Meanwhile, Senate President Steve Sweeney issued the following statement regarding Governor Christie's vetoing of other measures that would have balanced the budget while keeping the state's commitments to middle class families and seniors: "Democrats presented a budget to the governor that met our obligations while not placing the burden on working people. Our budget was a fiscally responsible plan that would have honored the state's commitments and increased funding for critical services. It was the right thing to do for all New Jerseyans.

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