Gov. Murphy vows to veto 'gimmick' budget proposals

TRENTON, N.J. (AP) -- New Jersey Gov. Phil Murphy says he'll veto any budget sent to him by state legislators if it relies on "unverified" savings and other "gimmicks."

The Democrat made the announcement during a news conference Monday, the same day lawmakers plan to unveil their proposals. Hearings are then expected Tuesday and a vote on Thursday.

Murphy says lawmakers are proposing $1 billion in unsustainable and temporary revenue, along with $450 million in new spending.

Democratic Senate President Steve Sweeney said Friday that he would advance a budget that substitutes the governor's proposed income and sales tax increases for a surcharge on businesses while adding millions of dollars more in other spending.

The budget comments come as Murphy and the Democrat-led Legislature approach a June 30 deadline to enact a balanced budget.