ASSEMBLY BUDGET PANEL TO MEET WITH STATE TREASURER AS BUDGET HEARINGS CONCLUDE

The Assembly Budget Committee will meet Wednesday with the state treasurer as it concludes this spring’s scheduled budget hearings. The meeting is scheduled for 10 a.m. The committee will first hear a revenue update from the Office of Legislative Services. The state treasurer will follow. The meeting is slated for Committee Room 11 in the State House Annex., West State Street Trenton. It will be broadcast live on New Jersey Network and streamed live at http://www.njleg.state.nj.us/media/live_audio.asp.

Assembly Budget Chairman Lou Greenwald (D-Camden) has said the administration must be ready to explain in detail the impact of the more than $1.1 billion in tax and fee increases Christie has proposed that target middle-class and poor New Jerseyans. “The governor’s budget so obviously favors the wealthy by taxing average New Jerseyans, and that is wrong for our families and our economy,” Greenwald said. “I expect the governor to protect the middle-class and poor with the same zeal he used to protect the wealthy.”

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