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NJ Budget Deal Reached

By Phil Gregory, WBGO News
Trenton. June 20, 2013

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New Jersey Statehouse (photo by Phil Gregory)

More than a week before the deadline, an agreement has been reached on a New Jersey state budget.

Assembly Budget Committee chairman Vinnie Prieto says the budget deal includes more money for nursing homes and funds to reorganize the higher education system but does not include restoration of an earned income tax credit and defers property tax rebates.

 “There’s a lot of things that we wanted to have gotten in the budget but unfortunately due to the revenue constraints we didn’t want to put a budget that we put all our priorities and then just get it slashed.”

Senate Republican Budget Officer Tony Bucco expects the full Legislature will approve the budget on Monday.

 “I’m sure there are some people that are not satisfied for one pet project or another. Do you throw out the baby with the bathwater or do you try to pass a budget that we can live with?”

Legislative leaders don’t expect there will be much debate when lawmakers vote on the $32.9 billion plan.

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