New budget includes $550 million in tax relief

A NEW $26 BILLION TWO-YEAR BUDGET WAS APPROVED YESTERDAY BY HOUSE DEMOCRATS, DESPITE THREATS FROM REPUBLICANS WHO DID NOT VOTE ON THE MEASURE.  THEY SAY THE BILL DID NOT OFFER ENOUGH PROPERTY TAX RELIEF TO HOMEOWNERS THIS YEAR.  HOWEVER, THE BILL DID PASS IN THE REPUBLICAN CONTROLLED SENATE AND WILL INCLUDE $550 MILLION IN PROPERTY TAX RELIEF.