TITLE

N.J. Governor Pushes 2% Spending Cut

AUTHOR(S)
Cataldo, Adam L.
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/2/2005, Vol. 351 Issue 32081, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
16283789

 

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