NJ Senate Democrats Consider Budget That Would Increase School Funding By $600M…
Tuesday, June 7th, 2011This is an article from NJ.com, here is a link to the article:
NJ Senate Democrats Consider Budget That Would Increase School Funding By $600M, Reintroduce ‘Millionaire’s Tax’
TRENTON — Senate Democrats are thinking of introducing their own budget that would increase school financing by as much as $1.1 billion, including about $600 million for non-Abbott school districts, according to four people familiar with the plan.
The money would come from a combination of additional revenue, some cuts in spending, and possibly a millionaire’s tax, said the sources, who requested anonymity because they are not authorized to discuss the plan.
The proposal is emerging less than three weeks after the state Supreme Court ordered the state to increase financing for poor school districts, known as Abbott districts, by $500 million, and with three weeks to go until the legislature is required to approve a budget for the next fiscal year.
The plan was unveiled by State Senate President Stephen Sweeney at a recent Senate Democratic caucus, the sources said. Derek Roseman, a spokesman for the Senate Democrats, said he would not comment on internal deliberations, nor would he confirm or deny the proposal.
The state Supreme Court stopped short of ordering the restoration of the full $1.7 billion in cuts that Gov. Chris Christie relied on to balance this year’s budget. The governor said he would comply with the order after giving some mixed signals, but left it to the Democrat-controlled legislature to work out the details — as long as there is no tax increase.

