NJ budget awaits action by Christie - My9 New Jersey

NJ budget awaits action by Christie

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TRENTON, N.J. (AP) — Gov. Chris Christie hasn't tipped his hand on what changes he'll make in the $32 billion budget the Legislature delivered this week.

The Republican governor has until Saturday to decide whether to use his line-item veto powers on the budget.

Christie's main dispute with the Democrats is over a tax cut.

He wants Democrats to commit to providing the first installment of a 10 percent cut in January.

Legislators have set aside $183 million to fund the cut but implement the cut until later to make sure the state can afford it.

Democrats and some independent economists say Christie's projections for revenue growth are overly optimistic.

Christie says Democrats are wrong not to cut taxes now.

He could respond by cutting funding for programs and services Democrats favor.

 

Copyright 2012 The Associated Press.

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