Cut services for poorer senior citizens and the disabled or tax the rich? That’s the question that will be debated in the New Jersey Legislature on Monday as the state maneuvers to balance a budget deficit of close to $11 billion.

The tax, which was overwhelmingly opposed by Republicans last year, would re-impose a 10.75 percent levy on income over $1 million and affect a grand total of 16,000 people — many of whom are financial professionals working on Wall Street. –JCL