November 5, 2009 - 11:08am
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Tom Kean Calls On Governor Corzine to Impound Unspent Funds

Tom Kean Calls On Governor Corzine to Impound Unspent Funds

Senate Republican Leader Tom Kean today called on Governor Jon Corzine to immediately impound all unspent funds. This year’s budget is running almost $1 billion behind in anticipated revenues. A projection by the nonpartisan Office of Legislative Services (OLS) estimates the structural budget deficit for FY 2011 to be almost $10 billion. Impounding funds is using legal authority to set aside appropriated monies.

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WMURRAY can be reached via email at WMurray@njleg.org.

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