New Jersey Newsroom: President Barack Obama’s proposed budget would trim funding for the U.S. Environmental Protection Agency just as it tries to take on a larger role in New Jersey. In a presentation to government and trade groups, though, EPA Administrator Lisa Jackson said the $10 billion allocation for the 2011 fiscal year, which starts Oct. 1, would preserve her agency’s key priorities. Of the roughly $300 million reduction, “the majority of it is from the Great Lakes restoration initiative,” …