N.J. Governor Pushes 2% Spending Cut

Cataldo, Adam L.
March 2005
Bond Buyer;3/2/2005, Vol. 351 Issue 32081, p1
Trade Publication
The article reports that New Jersey acting Governor Richard Codey said yesterday the state's day of reckoning had arrived as he proposed a budget that included a more than 2% cut in spending, and proposed suspending the state's property tax rebate for all homeowners except senior citizens to help close a gap of up to $5 billion. Codey delivered his budget proposal for fiscal 2006 in a speech to a joint session of the Legislature. Codey proposed a budget with nearly $27.4 billion in spending for fiscal 2006, including debt service costs of nearly $2 billion.


Related Articles

  • Fine Talk that Won't Cut Spending. Edwards, Gregg M. // njbiz;3/14/2005, Vol. 18 Issue 11, p10 

    Comments on the proposed state budget of New Jersey Acting Governor Richard Codey in March 2005. Response of a veteran state senator on Governor Codey's budget speech; Increase in the state budget; Proposed elimination of the New Jersey Saver property tax rebate program; Percentage increase in...

  • The Right Way to Spend a Windfall.  // njbiz;6/6/2005, Vol. 18 Issue 23, p12 

    Ponders on issues related to the plan of Acting Governor Richard Codey to use the New Jersey state finance to restore some of the property tax rebates he proposed eliminating in 2005. Amount of the state finance that Codey wants to use; Possible ways to use the state finance.

  • This Plan Widens the Have-Have Not Gap. Shure, Jon // njbiz;3/14/2005, Vol. 18 Issue 11, p10 

    Presents views on the state budget speech delivered by Acting Governor Richard Codey of New Jersey in March 2005. Plans proposed by Codey for the state in 2005; Impact of the income tax cuts on the state's revenue; Recommendations regarding the state budget.

  • First, Restore the State's Fiscal Sanity. Edwards, Gregg M. // njbiz;11/29/2004, Vol. 17 Issue 48, p15 

    Emphasizes the responsibilities of Richard Codey, acting governor and Senate president of New Jersey. Characteristic of Codey; Increase in the taxes from 2002 to 2004; Issues that should be resolved by Codey; Negative impression brought by the his administration's first fiscal policy decision;...

  • Help the Middle Class and Working Poor. Shure, Jon // njbiz;11/29/2004, Vol. 17 Issue 48, p14 

    Emphasizes the duties of Richard Codey, acting governor of New Jersey. Outlook on the budget of the state as of November 19, 2004; His views on the tax system of the state; Way to make the budget process more open and accountable; Stance on the state's minimum wage.

  • Democrats Boo, GOP Cheers Codey. Mulroy, Gene J. // njbiz;3/7/2005, Vol. 18 Issue 10, p14 

    Presents a commentary on the reaction and position of the U.S. Republican and Democrat parties on the proposed state budget of acting New Jersey Governor Richard Codey. Focus of the U.S. Assembly Democrats on property tax rebates for homeowners; Components of revenue enhancements in the...

  • Codey Takes the Helm. Cataldo, Adam L. // Bond Buyer;11/22/2004, Vol. 350 Issue 32015, p1 

    Reports that New Jersey acting governor Richard J. Codey has already outlined priorities for his administration which will impact the municipal bond industry. Projected budget deficit of the state for 2006; Codey's launch of a process that will strengthen ethics law; State's decision to issue...

  • A Sigh of Relief on the Budget. Quinn, William T. // njbiz;3/7/2005, Vol. 18 Issue 10, p5 

    Presents information on the proposed state budget of acting New Jersey Governor Richard J. Codey. Amount of the budget; Impact of the proposed budget on overall state spending; Increase in state spending on pensions and health benefits.

  • An Austere but Realistic Budget. Taber, George M. // njbiz;3/7/2005, Vol. 18 Issue 10, p14 

    Presents a commentary on the proposed state budget of acting New Jersey Governor Richard Codey. Emphasis of the budget on government spending; Comparison of the state budget of Codey with Governor James E. McGreevey; Components of the proposed state budget.


Read the Article


Sign out of this library

Other Topics