Lack of Fiscal Restraint and Anti-Business Approach Contribute to Woes

December 16, 2008 - 3:30pm
PRESS RELEASE

ANGELINI AND RIBLE: CORZINE'S TAX AND SPEND PHILOSOPHY PLAYS MAJOR ROLE IN STATE REVENUE DECLINE

ANGELINI AND RIBLE: CORZINE’S TAX AND SPEND PHILOSOPHY PLAYS MAJOR ROLE IN STATE REVENUE DECLINE Lack of Fiscal Restraint and Anti-Business Approach Contribute to Woes

 With today’s revelation that state revenue collections in November were $200 million less than what was budgeted, Assemblywoman Mary Pat Angelini and Assemblyman Dave Rible, both representing the 11th Legislative District, remarked that the disappointing results are largely fueled by the Corzine administration’s failed policies towards business and the inability to cut state spending.  It is also expected that the state will soon announce further declines in employment in the private sector as New Jersey’s unemployment rate will increase from its current level of 6.1%

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