New Jersey officially has a new budget. Gov. Chris Christie signed the budget into law that was passed by the state legislature. The $29.4 billion budget contains a lot of cuts, but Christie claims the moves are necessary to get the state back on track financially. The Governor was not simply happy with the budget though. He called a special legislative session on Thursday where he hopes his property tax cap plan will be heard. He also asked the Assembly to continue to look at the bill that deals with the Council on Affordable Housing. The Senate passed a bill that Christie supports that would essentially end that department.
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