budget

GREENWALD, SCHAER APPLAUD GOVERNOR'S CALL
FOR BUDGETARY CONTINGENCY PLANS
With State in Eye of Wall Street Storm, Contingency Plans 'Absolute Necessity'

(TRENTON) - Assemblymen Louis D. Greenwald and Gary S. Schaer today voiced their support for Governor Jon S. Corzine's decision to ask his Cabinet to create budgetary contingency plans that could be implemented should the deepening national financial crisis put the state's recent fiscal gains in jeopardy.

Governor Corzine could have supported a constitutional amendment that permanently banned budgets that rely on non-recurring revenue. Instead, he used an executive order that can be rescinded by him or any future governor with the stroke of a pen.

War is Peace, Love is Hate, and Borrowing More is Borrowing Less

Senator Jennifer Beck, Assemblyman Declan O'Scanlon and Assemblywoman Caroline Casagrande (R-12) issued this top ten list of misinformation given out by the Corzine administration regarding the FY'09 State Budget:

10. "This budget pays down debt."

Senator Jennifer Beck (R-Monmouth) issued the following statement and model veto message in advance of the Governor's expected signature of the State budget which spends almost 20% more than just two years ago.

"A governor who wants to do something about high gas prices and the rising cost of living in New Jersey would line item veto at least $500 million from the budget so we don't need to raise the gas tax, hike tolls, or waste more of the public's money preparing yet another version of a monetization scheme the public has soundly rejected."

CODEY STATEMENT ON FY 2009 BUDGET

             TRENTON – Senate President Richard J. Codey (D-Essex) today released the following statement on the Senate’s approval of the FY 2009 Appropriations Act:

          “This budget clearly reflects the reality of our fiscal situation.  Much like millions of Americans across the country, we have to do more with less.  This budget required a lot of painful decisions, decisions nobody really wants to make but that had to be done.