Derek Hall | NJ Advance Media for NJ.com
With tax revenues declining and a fiscal crisis on the horizon, state lawmakers on Friday passed the largest spending plan in New Jersey history, a $54.3 billion state budget that faced sharp criticism this week for a lack of transparency and accountability. The final budget includes billions in property tax relief — namely through a second year of full funding for the $2 billion ANCHOR program — as well as an expanded child tax credit, a third consecutive full payment to the public worker pension fund and another historic surplus to provide the state a cushion for tough times.is expected to sign the bill into law Friday evening after months of closed-door negotiations with his fellow Democrats who control the state Legislature.
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Source: Real Estate Daily Report (realestatedailyreport.net)
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