TRENTON — Democratic leaders in the state Legislature have - TopicsExpress

TRENTON — Democratic leaders in the state Legislature have reached agreement on a budget deal that raises taxes on businesses and income above $1 million, The Star-Ledger has learned. The deal between Senate President Stephen Sweeney and Assembly Speaker Vincent Prieto would raise more than $1.3 billion in new revenue and use that money to make the full payment required by law next year for the state pension system — $2.25 billion, instead of the $681 million Gov. Chris Christie is proposing.

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