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Christie signs $34.5B budget, cuts Democratic spending. TRENTON -- Gov. Chris Christie on Thursday signed a $34.5 billion budget, but not before slicing into the $300 million Democrats added to the spending plan earlier in the week. Christie handed down his line-item vetoes Thursday evening amid a stalemate over transportation funding and hours before the start of the new fiscal year.
NCSL Contact: Forty-six states begin fiscal year (FY) 2013 on July 1, 2012. As of July 9, 2012, all states have enacted budgets for FY 2013 (16 states enacted biennial budgets during 2011 legislative sessions). Massachusetts and South Carolina did not have an enacted budget by the beginning of the new fiscal year, but did pass continuation budgets to bridge the gap.