FY 2017 Budget Passes Senate

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Hours shy of a potential vote on the ailing Transportation Trust Fund, the state Senate cleared its first fiscal hurdle. New Jersey’s $49 billion 2017 budget passed on its third reading early Monday afternoon, with Senate President Steve Sweeney (D-3) congratulating Senate Budget and Appropriations chairman Paul Sarlo (D-36) on passing what he called the fastest budget approval vote he could remember.

The budget includes roughly $34 billion from the state and $15 billion from the federal government. It passed 27-11, with ‘no’ votes from Addiego, Bateman, Beck, Cardinale, Connors, Doherty, Holzapfel, Kean, Kyrillos, Oroho and Pennachio.

The Senate is slated to consider a bill to bump up the Transportation Trust Fund from $1.4 billion to $2 billion with a new gas tax later today, a move that would come with numerous tax cuts in a bid for Republican support for the tax hike. The legislature and the governor are up against a June 30 deadline for finding a source of funding for the Trust Fund. FY 2017 Budget Passes Senate