NJ officials ponder uses for budget surplus

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?

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