NJ windfall leads to budget vote delay

June 18, 2009 10:29:34 AM PDT
New Jersey Gov. Jon Corzine is urging the Legislature to put $400 million in new-found revenue toward property tax relief for middle-class homeowners. The unanticipated revenue comes from a tax amnesty program that ended Monday. The program raised at least $400 million more than anticipated. With thousands of envelopes still to count, the final figure could be much higher.

Assembly Budget Committee Chairman Lou Greenwald raised the possibility Thursday that the money could be used to property tax rebates to homeowners making less than $75,000.

The Assembly and Senate postponed votes on the budget Thursday while members figure out how to factor in the windfall.

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