Tuesday, May 5, 2009

STATE SHUTDOWN TALK IS STARTING IN THE STATE HOUSE

New Jersey's non-partisan Office of Legislative Services (OLS) has circulated a memo with its latest state revenue estimates. OLS now estimates that revenues will be short $1.2 billion for the next two months and $2 billion less than what Governor Jon Corzine predicted in his budget address. April's income tax collection was $800 million less than expected - a 40 percent decrease from the year before. The memo reveals that OLS believes the two-year revenue shortfall, "may exceed, perhaps significantly, $2 billion compared to what was estimated in the Governor's Budget Message."

The murmurs have begun about the very real possibility of a State shutdown. It happened in 2006 when Corzine and a faction of Democrats in the Assembly butted heads over the Governor's plan to hike to State Income Tax from 6% to 7%.

The 80-member Assembly and the Governor are up for re-election this fall. Still, budget-balancing talk has turned to the possibility of slashing the popular proeprty tax rebate program, cutting state aid to towns and schools and maybe even hiking property which is the third rail of politics in an election year.

Democrats and Republicans alike are saying (off-the-record for now) that a shutdown of State government is going to be very difficult to avoid.

8 comments:

Anonymous said...

The closer we get to closing down the government the clearer it becomes how ill-equipped the legislature and governor are with brains, ethics and the least ability to make any straight-arrow decisions in favor of the people. Millions could be permanently cut from operating costs if legislators and government officials were to cut the brothers, sisters and other unemployable relatives and cronies by the dozens from the payroll the people pay for. But making even a token gesture of sharing the problem is not in the character of our venal "representatives" (so-called). Not one dollar has been cut from appointive/pad jobs large or small. What is the state appointed job unemployment rate? 0%? Who's kidding who? They're just tools of the bosses.

The only solution is to dump them in November...and every year after that until they get the idea who's calling the shots. That will only work if citizens have the will and stamina that will change them from beaten robot voters that they are now.

Anonymous said...

Where is it written or mandated that Government do nothing but grow? Politicians are constantly citing "sacrifice", yet they never apply the concept to Government. The answer to every government-created "budget crisis" can no longer be "raise taxes". Taxes in this state are beyond unbearable. It is time to cut the salaries and perks enjoyed by these out-of-touch solons in Trenton. It is past time for a serious study into the fraud, duplication and waste that exists in this State, and a REAL plan to address and eliminate it.

The answer, folks, is Election Day. Corzine and every up-for-reelection incumbent must be voted out of office. Politicians have absolutely no fear of the electorate, and why should they? The same faces are elected and reelected time and again. Only when the electorate instills fear into the Trenton establishment will any real change begin to happen. The only answer is to vote out EVERY incumbent, and to to it election after election until Trenton comes around to the idea that Government exists to serve the people, and not vice-versa.

Anonymous said...

Hi !.
You may , perhaps very interested to know how one can make real money .
There is no need to invest much at first. You may commense to receive yields with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
The firm represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

Its head office is in Panama with structures around the world.
Do you want to become an affluent person?
That`s your choice That`s what you desire!

I feel good, I began to get real money with the help of this company,
and I invite you to do the same. If it gets down to select a proper companion who uses your savings in a right way - that`s it!.
I take now up to 2G every day, and my first investment was 500 dollars only!
It`s easy to join , just click this link http://etomikir.angelcities.com/ryruhu.html
and lucky you`re! Let`s take our chance together to get rid of nastiness of the life

Anonymous said...

Good day !.
You may , perhaps very interested to know how one can make real money .
There is no need to invest much at first. You may commense to receive yields with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
The firm incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

It is based in Panama with affiliates around the world.
Do you want to become an affluent person?
That`s your chance That`s what you desire!

I`m happy and lucky, I started to take up real money with the help of this company,
and I invite you to do the same. It`s all about how to choose a correct companion who uses your savings in a right way - that`s the AimTrust!.
I make 2G daily, and my first investment was 500 dollars only!
It`s easy to join , just click this link http://tiziqazy.fcpages.com/xujyryb.html
and lucky you`re! Let`s take our chance together to feel the smell of real money

Anonymous said...

Hello everyone!
I would like to burn a theme at this forum. There is such a nicey, called HYIP, or High Yield Investment Program. It reminds of ponzy-like structure, but in rare cases one may happen to meet a company that really pays up to 2% daily not on invested money, but from real profits.

For several years , I make money with the help of these programs.
I don't have problems with money now, but there are heights that must be conquered . I get now up to 2G a day , and my first investment was 500 dollars only.
Right now, I managed to catch a guaranteed variant to make a sharp rise . Turn to my blog to get additional info.

[url=http://theblogmoney.com] Online investment blog[/url]

Anonymous said...

Hi!
You may probably be very interested to know how one can make real money on investments.
There is no need to invest much at first.
You may commense earning with a sum that usually is spent
on daily food, that's 20-100 dollars.
I have been participating in one company's work for several years,
and I'm ready to share my secrets at my blog.

Please visit my pages and send me private message to get the info.

P.S. I earn 1000-2000 per daily now.

[url=http://theinvestblog.com] Online investment blog[/url]

Anonymous said...

Hi everybody!

Sure, you’ve heard about me, because my fame is running in front of me,
my parents call me James F. Collins.
Generally I’m a venturesome gambler. all my life I’m carried away by online-casino and poker.
Not long time ago I started my own blog, where I describe my virtual adventures.
Probably, it will be interesting for you to utilize special software facilitating winnings .
Please visit my blog. http://allbestcasino.com I’ll be interested on your opinion..

Anonymous said...

Glad to greet you, ladies and gentlemen!

For sure you didn’t here about me yet,
my name is James F. Collins.
Generally I’m a social gmabler. all my life I’m carried away by online-casino and poker.
Not long time ago I started my own blog, where I describe my virtual adventures.
Probably, it will be interesting for you to read my notes.
Please visit my diary. http://allbestcasino.com I’ll be glad would you find time to leave your comments.