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NJ Gov. Vows To Veto Budget, Raising Shutdown Worries

By James Nani · June 18, 2018, 7:17 PM EDT

New Jersey Gov. Phil Murphy pledged Monday to veto a budget proposal being pushed by the Legislature, saying the plan relies on temporary "one-shot" and “two-shot” sources of revenue, unverifiable savings and a projected year-end budget deficit.

New Jersey Gov. Phil Murphy said in a statement that the Legislature's proposal would yield a $164 million budget deficit and is built on nearly $1 billion in "unsustainable, temporary revenues." The move comes after a breakdown in negotiations on Friday between Democratic leaders of the state Senate and...

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