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.