State Reaches Budget Deal After Casinos Shut
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Gov. Jon Corzine and lawmakers reached a deal in Trenton on a new state budget, six days into a government shutdown that closed casinos and put more than 80,000 people out of work.
Corzine said the shutdown could end by late today or early Saturday if budget bills pass the Senate and Assembly. The deal will increase the state sales tax from 6% to 7% and use half the $1.1 billion that it will raise to lower property taxes, which are among the highest in the nation.
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