New Jersey Gov. Jon Corzine yesterday rejected a call from Republican lawmakers to hold a special joint session to re-examine the state's current $32.8 billion budget in light of an anticipated decline in income tax revenues.

GOP legislators held a press conference yesterday to promote their corporate-tax incentive measures to help New Jersey businesses grow and announced previously detailed spending cuts to offset an expected drop in income tax receipts.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.