TRENTON – Democratic Assemblyman Troy Singleton said in support of the budget today that it recognizes the state’s fiscal realities, especially the one that shows revenues have been below expectations.
He pointed out the FY2013 budget proposes $50 million for the Earned Income Tax Credit and $183 million for property tax relief for middle-class residents.
The budget, Democratic lawmakers said during pre-vote debate, is also business-friendly. Assemblyman John Burzichelli, (D-3), of Paulsboro, said the $31.7 billion budget includes $143 million in business tax cuts.
The budget, he said, also restores some funds for nursing homes.
Assemblyman Jay Webber, (R-26), of Morris Plains, however, said that while he appreciated the collegial tone that existed through the budget process, he could not vote for the budget because it provides “no immediate tax relief” for overtaxed citizens.
With the proposed budget, Webber said, “the Democrats are telling (the residents) they have 31.7 billion better things to do” than to provide tax relief.