"Knowledge will forever govern ignorance

 and a people who mean to be their own governors

 must arm themselves with the power which knowledge gives."

Thursday, July 06, 2006

Assembly Democrats Introduce New Budget With More Spending, Higher Taxes

New Jersey state government has been shut down for:



New Jersey Assembly Democrats have crafted a new $31.3 bllion state budget that would increase spending by more than 10.7 % or by $3.035 billion. Tax increases would exceed those requested in Governor Jon Corzine’s original budget, which called for $2.6 billion in new spending, a 9.2 percent increase over last year.

Assembly Budget Committee Chairman Louis Greenwald (D-Camden) explained the Assembly budget plan would pay for the spending by extending the sales tax to previously untaxed items, increasing casino taxes and creating a new corporate income tax. Further, the plan would reduce Corzine’s proposed pension fund contribution by $175 million.

The Democrats’ plan would also restore all but $3 million in Corzine’s proposed cuts to higher education, adds $24 million in extraordinary aid to municipalities, eliminates the proposal for rural towns to pay $24 million for State Police patrols and eliminates the proposed 10% increase in property tax rebates.



3 Comments:

At 12:46 PM, Anonymous njcons said...

A little revolution now and then is a good thing.

 
At 1:02 PM, Anonymous Mr. Bingley said...

This is what they call a "compromise"?

Heads: The politicians win
Tails: The citizens get screwed

 
At 1:35 PM, Blogger Mr. Apropos said...

I'm just thrilled to know that someone else is willing to spend all of my money to stay in office! As long as I remain in this state (and hopefully that won't be for long), I'm proud to know that pandering and fiscal irresponsibility will always have a home in Trenton.

 

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