N.J. Gov. Chris Christie will deliver his second budget address today after he vetoed 14 jobs-creating bills Friday. He said his reason for rejecting the bills was they didn’t account for where the money to pay for the proposals would come from. He’s expected to announce a property tax rebate increase today.
As the Associated Press reports, limited tax cuts for businesses and a minimum contribution to the state pension are also expected in today’s budget proposal. The property tax rebate increase should be modest, and only for certain homeowners.