Christie to announce $30 billion budget

TRENTON - Gov. Chris Christie is set to address a joint session of the Legislature this afternoon to announce his $30 billion budget.

Christie's proposed budget of around $30 billion will likely include the first phase of an income tax cut that will cost $150 million.

Democrats complain the cut disproportionately benefits the wealthy. But Christie could revive the earned income tax cut that benefits poor working families to blunt that criticism.

Christie is also expected to explain his plans for school funding. His previous attempt to change the system was turned down by the New Jersey Supreme Court.

Christie also must make a pension payment of nearly $500 million. And he may revise current spending because revenues were lagging by about $300 million through December.

Gov. Christie's budget address is scheduled for 2 p.m. and can be watched LIVE on News 12 New Jersey and

advertisement | advertise on News 12

Trending Video

One person was killed in a shooting on 1 At least 1 dead in Thursday night Newark shooting
St. Joseph High School student Matthew Hall visited 2 Teen battling cancer thanks medical team as he prepares to attend prom
Genesis Rincon was shot and killed by a 3 Man pleads guilty for death of 12-year-old girl
Kane In Your Corner continues its investigation into 4 KIYC: NJSPCA no-bid contracts questioned
Marist High School in Bayonne is not giving 5 Marist High School appeals to Pope in final attempt to stay open

advertisement | advertise on News 12


It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.