With his new budget — which makes modest funding increases to schools and hospitals and is 1.2 percent smaller than the one he signed last year — Christie held firm on a promise to block major tax increases in New Jersey. He vetoed a pair of Democratic bills that would have hiked rates on millionaires and businesses and reaped an extra $1.1 billion for the pension funds.
Democrats in the Legislature don’t have enough votes to override Christie's vetoes.