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  • Pensions, Taxes, Schools & More: NJ's 2016 Budget by the Numbers
    Updated On: Jul 18, 2015

    NJ.com - TRENTON - Gov. Chris Christie on June 26 signed into law a $33.8 billion budget for the fiscal year that began July 1.

    But first, he issued a series of line-item vetoes, scratching $1.6 billion in spending from the budget Assembly and Senate Democrats passed less than 24 hours earlier.

    The most prominent vetoes included tax hikes on corporate profits and income over $1 million, additional funding for local schools and universities, and money for family planning clinics. 

    He slashed $3.1 billion for government worker pensions — the centerpiece of the Democrats' plan — back to the $1.3 billion he'd included in his initial budget proposal.

    This article appeared on nj.com authored by Samantha Marcus.

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