 Posted: Mon, Nov 16 2009, 4:53 pm EST Post subject: N.J. Gov.-elect Christie transition team says budget problems are worse than exp |
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| http://www.nj.com/news/index.ssf/2009/11/nj_governor-elect_christie_tra.html
TRENTON -- New Jersey's governor-elect said today he'll be taking office of a state with an even worse financial crisis than previously believed, and he wants the current governor to tighten the state's purse strings in the meantime. The budget and finance task force leaders on Chris Christie's transition team met for three hours today with the top budget officials in the current administration of Gov. Jon Corzine to learn details of the state's budget situation. N.J. Gov-elect Chris Christie: Time of transition The state Office of Legislative Services has estimated that if department budgets continue to grow at their current rate, there could be a shortfall of about $8 billion in the state budget that takes effect July 1. Task force co-chairman Robert Grady, a former aide to President George H.W. Bush and Gov. Tom Kean, said he now believes the gap will be larger than that — even accounting for a start of an economic recovery that results in rising sales and income tax revenue. Grady did not have an estimate of how much he thought the shortfall would grow.... http://www.nj.com/news/index.ssf/2009/11/nj_governor-elect_christie_tra.html |
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| Posted: Sun, Nov 15 2009, 2:14 pm EST Post subject: Re: Keeping our word: Gov.-elect Chris Christie can be tough with state worker u |
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ZZZZzzzzz....wake me up when things get better. |
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| Posted: Fri, Nov 13 2009, 9:55 pm EST Post subject: Keeping our word: Gov.-elect Chris Christie can be tough with state worker union |
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| http://blog.nj.com/njv_editorial_page/2009/11/keeping_our_word_gov-elect_chr.html
During this summer’s political campaign, Gov. Jon Corzine made a promise that was reckless in the face of a pending $8 billion budget gap. He signed a deal with state workers that shielded them from layoffs until the start of 2011. In return, he won their agreement to delay for one year a 3.5 percent raise that was due to them in July. It was a very Jersey move. He made a promise the state can’t afford. And instead of reducing government costs, he pushed them back a year. The workers will still get that 2009 raise, in addition to their 2010 raise. As bad as this story is, though, it may soon get worse..... http://blog.nj.com/njv_editorial_page/2009/11/keeping_our_word_gov-elect_chr.html |
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