NJ Assembly approves $29B budget
(AP) - The New Jersey Assembly has approved a $29 billion budget that increases sin taxes and levies on businessesand the wealthy, and includes tax rebates for low-income residents. The vote was 45-34.
•
Jun 25, 2009, 9:00 PM
•
Updated 5,658 days ago
Share:
(AP) - The New Jersey Assembly has approved a $29 billion budget that increases sin taxes and levies on businessesand the wealthy, and includes tax rebates for low-income residents.
The vote was 45-34.
The Senate is expected to vote Thursday on bills that raise $2.8billion through tax increases before considering the budget.
The spending plan includes property tax relief for 1.1 millionseniors and low-income residents.
The last-minute relief was possible because a tax amnestyprogram collected nearly $500 million from corporations andindividuals.
About half the residents who got rebates last year will seechecks this fall. Those making more than $75,000 and renters willlose their rebates.
Assembly Republicans objected to every tax increase bill, andnone approved the budget.
More from News 12
0:22
Bergen County house fire displaces family days before holidays
1:33
Pump up the heat. It's about to get even colder in New Jersey
2:10
Central Jersey water affected by odor, taste issues
0:28
Police: Fallen bag of tools critically injures utility worker at North Brunswick cell tower
1:41
SantaCon bar crawl returns to Hoboken
