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New Jersey approves budget close to governor's proposal
June 24, 2013 / 10:22 PM / 4 years ago

New Jersey approves budget close to governor's proposal

NEW YORK, June 24 (Reuters) - New Jersey’s Democratic-led state legislature approved on Monday a $33 billion budget deal that avoids controversial new initiatives and tax cuts as the state’s Republican Governor Chris Christie and the entire legislature face re-election.

The bare-bones budget for the 2014 fiscal year that begins July 1 closely mirrors the original budget blueprint proposed by Christie.

Democrats added $97.2 million to the governor’s original proposal, though the spending was offset by savings elsewhere. That included restoring education dollars to ensure that all school districts had no less money on hand than last year, and money for nursing homes and cancer research.

“This budget does not accomplish all that we had hoped, but by negotiating with the administration we were able to provide much needed funding in areas critical to New Jersey’s seniors and our schools,” Senate President Steve Sweeney said in a statement.

The budget also included a $1.68 billion payment to the state’s public pension system - a near $650 million increase over this year’s payment.

Last year, Christie predicted a New Jersey comeback from the recession. But the state’s economy has lagged and was dealt a major blow when Superstorm Sandy it swept ashore in October.

Christie, who is more popular with state voters than any other New Jersey governor in nearly 20 years, said his budget was balanced and included no new taxes.

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