Dueling Democratic Budgets and Veto Threat Bring New Jersey Closer to Shutdown

June 19, 2018 AT 9:29 AM

Democrats who control the state Legislature on Monday announced they'll introduce a $36.2 billion budget that would raise taxes on New Jersey's very largest corporations to the highest level of any state.

They also vowed to move forward with the spending plan even though Gov. Phil Murphy said he'd veto it earlier in the day.

The intensified hostility between the governor and state Legislature pushes New Jersey closer to the possibility of a second state government shutdown in two years. A balanced budget needs to be signed by June 30.

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