State News

Legislature Approves Democrats’ $31.74 Billion State Budget

TRENTON – In votes that went along straight party lines, the state Legislature passed the Democrats’ $31.74 billion Fiscal Year 2013 budget Monday. The spending plan fully restores the Earned Income Tax Credit to help New Jersey’s working poor that was reduced two years ago, and sets aside money to give residents tax relief if the state’s revenue collection meets Gov. Chris Christie’s ambitious targets during the first five months of the fiscal year.