Politics & Government
Bloomberg.com: N.J. Expected to Have $8 Billion Budget Deficit
The forecast predicts that the state will be $8 billion in debt next year, even after taking measures that tried to prevent it.
The nonpartisan Office of Legislative Services has predicted that New Jersey will face an $8 billion budget deficit next fiscal year.
This comes three weeks after Gov. Jon Corzine signed a $29 billion budget for fiscal 2010 that cut spending by $4 billion and raised taxes to close the gap.
Read the full story: N.J. Faces $8 Billion Budget Deficit, Forecasters Say
Find out what's happening in Scotch Plains-Fanwoodwith free, real-time updates from Patch.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
We’ve removed the ability to reply as we work to make improvements. Learn more here
