Saving Our State Through Financial Restructuring and Debt Reduction

Corzine, Jon S.
May 2008
New Jersey CPA;May/Jun2008, p47
The article discusses measures and initiatives implemented by legislators in New Jersey to save the state from financial crisis, which include a spending limit in the future budgets, a limit on future borrowings and a toll-value mechanism to help the state reduce its debt. In addition to their financial restructures, the renewal of their Transportation Trust Fund (TTF) to expire in 2011 will also be established.


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