newjerseynewsroom.com

Sunday
Feb 14th

Despite blizzard, Christie address to Legislature on cutting $2 billion deficit still on for Thursday

christiejoeepstein2_optBY TOM HESTER SR.
NEWJERSEYNEWSROOM.COM

Neither snow nor sleet nor gloom of the state government's fiscal problems will prevent Gov. Chris Christie from addressing a joint session of the Legislature Thursday on the $2 billion 2009-10 budget deficit that must be eliminated no later than June 30.

Michael Drewniak, Christie's press secretary, said Wednesday the 10:30 a.m. address in the Statehouse Assembly chamber has not been postponed despite the up to 20 inches of snow that has fallen on New Jersey.

Christie has declared a state of emergency in South Jersey, allowing police to decide when roads may be used.

Christie is expected to propose how his administration would eliminate the deficit.

According to David J. Rosen, the budget and finance officer for the non-partisan state Office of Legislative Services, the deficit has arisen because of lower than expected tax revenue. He said the state's fiscal problems are part of the worst economic downturn since The Great Depression.

As they confront the 2009-10 deficit, Christie and legislators must also overcome a 2010-11 budget deficit of at least $8 billion and one that Rosen warns could climb as high as $11 billion. That deficit must also be eliminated by June 30.

Last Updated ( Wednesday, 10 February 2010 22:41 )  

Add your comment

Your name:
Subject:
Comment:


Follow/join us

Facebook Group: /#/pages/Montclair-NJ/New-Jersey-Newsroom/74298523155?ref=ts Twitter: njnewsroom Linked In Group: 2483509 Contact NJNR: contacts

Hot topics

 

Please take the New Jersey Newsroom 20-second survey

 

2010 NFL Draft: Inside the New Jersey prospects

 

Ways to donate to Haiti Earthquake relief

 

New Jersey Newsroom has plenty of room