NJ Spotlight Budget and Public Finance Writer John Reitmeyer says that it is unlikely Senate President Steve Sweeney's proposed millionaires tax will become law since Gov. Christie has vetoed similar measures four times in a row.
During the Assembly budget hearing, the state treasurer announced an unexpected $200 million windfall, which will be used for the public pension payment. But New Jersey will still owe more than $1 billion.
Major funding for NJTV News provided by Barnabas Health, Horizon Blue Cross Blue Shield of New Jersey,LiveU, PSE&G, New Jersey Education Association, New Jersey Manufacturers Insurance Group, and Star-Ledger/NJ.com.
Additional support for NJTV News is made possible by The Hyde and Watson Foundation, The Rita Allen Foundation, The Geraldine R. Dodge Foundation, The E.J. Grassmann Trust, The Healthcare Foundation of New Jersey, The Robert Wood Johnson Foundation, The F.M. Kirby Foundation, and The Union Foundation.