New Jersey Governor Chris Christie will propose his budget before state lawmakers at 3 p.m. He will make his remarks from the Assembly Chambers in the Statehouse, 125 West State St., Trenton.
Governor Chris Christie will lay out his spending plan for the fiscal year 2014 (July 1, 2013-June 30, 2014). The Legislature, through a series of hearings conducted by its appropriations committees, reviews the budget and typically makes changes. According to the New Jersey Constitution, a balanced Budget must be approved as an Appropriations Act and signed by the Governor before July 1.
His budget is expected to focus on rebuilding from Superstorm Sandy. The governor is counting on billions of dollars in federal Sandy relief funding to boost construction jobs and help communities that lost part of their tax base when homes were destroyed and businesses closed.
The first $1.8 billion in Sandy aid is due in April. But New Jersey could see $100 million less than expected if President Barack Obama and Congress fail to strike a deal on federal budget cuts set to take effect Friday.