N.J. Gov. Chris Christie’s budget proposal includes a moderate increase of school aid, tax cuts for businesses and some property tax relief. The grand total comes to $29.4 billion.
The Associated Press reports Christie also proposed making a contribution to the state’s pension system on the condition that the Democratic Legislature agrees to his pension reform plan for government workers. Higher health insurance payments from public employees are also on the table.
Also included in the budget are:
-$200 million in “job-creating, strategic tax cuts”
-Maintains municipal aid at fiscal year 2011 levels
-Increases hospital and student financial aid by $20 million each