WESTFIELD - While many states across the country grapple with budget deficits, New Jersey officials are exploring what to do with a budget surplus this year.
Officials say higher-than-expected tax revenue caused the surplus. The Office of Legislative Services predicts an extra $913 million will be poured back into the state, while the state treasurer argues the number is far less, projecting a $511 million surplus.
Gov. Chris Christie (R-N.J.) is proposing using the extra funds to give double property tax rebates to homeowners.Could NJ be blessed with extra cash?