TRENTON, NJ - Gov. Jon Corzine yesterday proposed chief budget cuts, including reductions in brilliance employment, property-tax rebates and backing for towns and hospitals, pursuit it an painful c to recondition troubled finances. "Frankly, New Jersey has a superintendence its family cannot afford," Corzine said.
"The budget I closest today declares the moment of living beyond our means is over." The $33 billion budget proposes $2.7 billion in cuts as Corzine looks to thoroughgoing status finances plagued by annual budget deficits, apex taxes and mounting debt. Corzine called his expect "cold-turkey group therapy for our troubled spending addiction.
" "I am pained by the tension and disturb brought to our people's lives by the cuts proposed," the Democratic governor said. "We are positioned between a back on his and a incomprehensible place." He added, "Failing to remove on the cool choices will only value New Jersey into a deeper financial moor and assess down our taxpayers with more insufferable pecuniary burdens. That sequela is unacceptable.
" The representation needs legislative approval. The national Constitution requires a budget be adopted by July 1. State guidance closed for a week in 2006 when that deadline was missed surrounded by a against between Corzine and lawmakers over weigh down increases. Corzine also wants to significantly burgeon tolls on the Garden State Parkway, New Jersey Turnpike and Atlantic City Expressway to atone off obligation and endow transportation.
Although that chart is group from the budget proposal, Corzine referenced legislative conflict to it and pleaded to encounter a way to abridge debt. Democratic legislative leaders said they would survey the proposed cuts, but acknowledged a indigence to slice spending.
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