 In late June 2011, Christie utilized New Jersey's line item veto to eliminate nearly $1 billion from the proposed budget, signing it into law just hours prior to the July 1, 2011, beginning of the state's fiscal year.In 2010, Christie signed legislation to limit annual property tax growth to 2 percent.During his second year in office, Christie signed into law a payroll tax cut reducing funding of the Temporary Disability Insurance (TDI) fund by $190 million per year.