Business advocates praise Christie’s line-item vetoes
Gov. Chris Christie’s move to veto $361 million from the state’s $31.7 billion budget drew immediate praise from business advocates on Friday evening.
The line-item vetoes by the governor trimmed spending across a range of services, including medical services in nursing homes. Christie preserved $347.5 million in business tax cuts, including an additional $163.5 million in cuts on top of the $184 million in the fiscal year ending on Saturday.
“It’s a pro-business budget; continues the governor’s quest of job creation and creating a better economic climate; and doesn’t raise taxes,” said Michael Egenton, senior vice president for the New Jersey Chamber of Commerce. He noted that the budget is similar to the one Christie initially proposed. (Kitchenman, NJBIZ)