The proposed FY 2014 budget continues the short-sighted policy of tax breaks for large corporations and the state’s wealthiest individuals paid for by working families through higher property taxes and cuts to services. In particular, the budget includes $541 million business tax cut and continues to offer millionaires a lower tax rate than they saw in 2009. 

As a result, the proposed budget short-changes working families in the present and fails to invest in the state’s future. To jump start this economy and bring the jobs the state desperately needs, New Jersey needs better choices that allow the state to maintain services on which working families rely and that invest in an economic recovery all of its residents may share in.