Gov. Christie Wont Scale Back Tax Cuts Even As Deficit Mounts

The New Jersey budget is required to be balanced pursuant to the State Constitution. How it gets to that point is up to the Governor and the legislature.

Gov. Chris Christie is determined to make good on his plan to cut income taxes, even though the latest budget projections are showing a much larger deficit than anyone had expected. It's now up to $668 million, which would normally call for a