[net-gold] UNITED STATES: STATES: NEW JERSEY: GOVERNMENT: N.J. Budget Experts Says State Government in Midst of "Extraordinary and Unprecedented'' Fiscal Nightmare
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Net-Gold <net-gold@xxxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, "Net-Gold @ Nabble" <ml-node+3172864-337556105@xxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Digital Divide Diversity MLS <mls-digitaldivide@xxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx
- Date: Wed, 7 Apr 2010 19:42:09 -0400 (EDT)
.
UNITED STATES: STATES: NEW JERSEY: GOVERNMENT:
N.J. Budget Experts Says State Government
in Midst of "Extraordinary and Unprecedented'' Fiscal Nightmare
N.J. Budget Experts Says State Government
in Midst of "Extraordinary and Unprecedented'' Fiscal Nightmare
BY TOM HESTER SR.
NEWJERSEYNEWSROOM.COM
THIRD UPDATE
NewsRoom Jersey
<http://www.newjerseynewsroom.com/state/nj-budget-experts-says-
state-government-in-midst-of-qextraordinary-and-
unprecedented-fiscal-nightmare>
A shorter URL for the above link:
<http://tinyurl.com/ygh9dla>
The New Jersey state government is in the midst of an extraordinary and
unprecedented tax revenue decline and it could take until the second half
of 2013 for its financial situation to return to where it was in 2008, the
states number two ranking finance official told legislators Wednesday.
The grim forecast was made by David Rosen, the finance officer for the
bipartisan Office of Legislative Services before the Assembly Budget
Committee in Trenton. The panel is spending the day hearing an explanation
of Gov. Chris Christies proposed $29.3 billion 2010-11 budget.
Rosen provided the committee with revenue forecast for the next 16 months
but also noted that unlike in the past, the Christie administration has
failed to provide his office with all of the budget figures needed to
provide a clearer picture of the fiscal package that must be approved by
June 30.
During an over three-hour appearance before the committee, state Treasurer
Andrew Eristoff said Christie would not support an action by the
Democratic-controlled Legislature to restore the so-called millionaires
tax, an income tax surcharge on New Jerseyans who earn over $400,000
annually in order to provide $1.1 billion for the budget.
I can tell you that the governor will not sign a budget that increases
taxes, Eristoff said. To do so would break faith with the people of New
Jersey -- already the highest taxed in the nation -- and undermine New
Jerseys economic competitiveness and job creation at a particularly
vulnerable stage in the economic cycle. Besides, history teaches us that
tax increases in New Jersey never close deficits, they simply fuel more
spending. The cycle must and will stop now.
Speaking before Eristoff, Assemblyman Louis Greenwald (D-Camden), the
committee chairman, described the budget as an attack on New Jersey
middle-class and senior citizens.
Our new governor promised to cut New Jerseys income taxes across the board
for all taxpayers, Greenwald said. He promised property tax cuts. He said
eliminating property tax rebates would be a declaration of war on the
middle class and promised to fully restore them. But unfortunately - as
we start our committee hearings on Governor Christies first budget plan,
we all know those promises were quickly tossed to the wayside. What we
have in front of us is a tax-laden budget plan that targets the
middle-class, senior citizens and the poor.
Greenwald said that under the proposed budget, The largest property tax
hikes in New Jersey history are on their way.
------------------------------------------
The complete article may be read at the URL above.
Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
<http://daviddillard.businesscard2.com>
Net-Gold
<http://groups.yahoo.com/group/net-gold>
Index: <http://tinyurl.com/myxb4w>
<http://listserv.temple.edu/archives/net-gold.html>
<http://groups.google.com/group/net-gold?hl=en>
General Internet & Print Resources
<http://guides.temple.edu/general-internet>
COUNTRIES
<http://guides.temple.edu/general-country-info>
EMPLOYMENT
<http://guides.temple.edu/EMPLOYMENT>
TOURISM
<http://guides.temple.edu/tourism>
DISABILITIES
http://guides.temple.edu/DISABILITIES
INDOOR GARDENING
<http://tech.groups.yahoo.com/group/IndoorGardeningUrban/>
Educator-Gold
<http://groups.yahoo.com/group/Educator-Gold/>
K12ADMINLIFE
<http://groups.yahoo.com/group/K12AdminLIFE/>
RUSSELL CONWELL CENTER SUBJECT GUIDE
http://guides.temple.edu/Russell-Conwell-Center
THE COLLEGE LEARNING CENTER
<http://tinyurl.com/yae7w79>
Nina Dillard's Photographs on Net-Gold
http://tinyurl.com/36qd2o
and also http://gallery.me.com/neemers1
Net-Gold Membership Required to View Photos on Net-Gold
Twitter: davidpdillard
Bushell, R. & Sheldon, P. (eds),
Wellness and Tourism: Mind, Body, Spirit,
Place, New York: Cognizant Communication Books.
Wellness Tourism: Bibliographic and Webliographic Essay
David P. Dillard
<http://tinyurl.com/p63whl>
<http://tinyurl.com/ou53aw>
INDOOR GARDENING
Improve Your Chances for Indoor Gardening Success
http://tech.groups.yahoo.com/group/IndoorGardeningUrban/
http://groups.google.com/group/indoor-gardening-and-urban-gardening
SPORT-MED
https://www.jiscmail.ac.uk/lists/sport-med.html
http://groups.google.com/group/sport-med
http://groups.yahoo.com/group/sports-med/
http://listserv.temple.edu/archives/sport-med.html
Health Diet Fitness Recreation Sports Tourism
http://health.groups.yahoo.com/group/healthrecsport/
http://groups.google.com/group/healthrecsport
http://listserv.temple.edu/archives/health-recreation-sports-tourism.html
Please Ignore All Links to JIGLU
in search results for Net-Gold and related lists.
The Net-Gold relationship with JIGLU has
been terminated by JIGLU and these are dead links.
http://groups.yahoo.com/group/Net-Gold/message/30664
http://health.groups.yahoo.com/group/healthrecsport/message/145
.
Other related posts:
- » [net-gold] UNITED STATES: STATES: NEW JERSEY: GOVERNMENT: N.J. Budget Experts Says State Government in Midst of "Extraordinary and Unprecedented'' Fiscal Nightmare - David P. Dillard
