Christie Signs $32.5B Budget; $5M For Private Schools

By Yochonon Donn

July 1, 2014

TRENTON, N.J. – New Jersey Gov. Chris Christie signed a $32.5 billion state budget on Monday, but not before using his executive powers to veto two tax hikes passed by lawmakers and cut back the state’s contribution to pension funds for public workers.

The signing put a budget in place for Tuesday’s start of the fiscal year and averted any chance of a government shutdown, something that never seemed to be a serious threat this year.

“Rather than enacting responsible policies that will encourage and allow New Jersey’s economy and revenues to grow, the Legislature appears to be intent on inhibiting economic growth with crushing taxes,” Christie said in his signing statement.


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