N.J. Senate approves $34.1 billion budget

New Jersey’s Senate has approved a $34.1 billion state budget plan with vetoes from Gov. Chris Christie looming.

The Senate approved the spending plan on a party-line vote with 24 Democrats supporting it and 16 Republicans opposing.

The Assembly was also expected to vote on it Thursday.

The state must have a balanced budget in place before the new budget year starts Tuesday.

The task became harder this spring when the revenue fell far short of what the Christie administration had projected.

The Republican governor wants to balance the budget largely by reducing contributions to public employees’ pension funds.

Democrats who control the Legislature want to do it partly by raising taxes on high earners and corporations.

Christie says he will veto the increases.

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