Christie makes good on veto threat for $31.7 billion N.J. budget
Governor Chris Christie, with little more than a day to go to meet a statutory deadline, erased $361 million in Democratic spending initiatives before he signed a $31.7 billion New Jersey budget for fiscal 2013.
The first-term Republican vetoed what he described as measures that “represented a step backward” by Democrats, in a statement sent from his office yesterday. The spending plan includes $347 million in tax relief for businesses and $1.03 billion for state pensions, according to the statement. (Young and Dopp, Bloomberg)