Governor Chris Christie (R) presents his 2011-2012 budget today. It's expected to include some $200 million in tax cuts, mostly for small businesses,  The budget proposal has to deal with a structural deficit of more than $10 billion - nearly 1/3 of the budget --and the loss of the last $1 billion in stimulus funding from the federal government.

Gov. Christie also promises to change how schools are funded.  Last year, he successfully pushed caps the salaries of district superintendants.  Parsippany-Troy Hills signed a new contract with their superintendant that exceeds the cap.  The Governor suggested he might punish the district in the new budget, saying:"I don't understand why they think they know better than the Department of Education on this issue."

The administration is defending its current year spending plan before the Supreme Court.