State Budget Puts $300m Off the Board ; Early-Retirement Fund Not Viewed As Expense
The Record, Bergen County, NJ › March 05, 2008
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Summary
Governor Corzine's budget contains an extra $300 million for employee benefits, but doesn't acknowledge the spending as an expense for the year.
That means he's proposing to spend $33.3 billion in the coming fiscal year, not the $33 billion he outlined during Tuesday's budget address in Trenton.See the full content of this document
Extract
State Budget Puts $300m Off the Board ; Early-Retirement Fund Not Viewed As Expense
The discrepancy is less than 1 percent of the total, but comes as Corzine is promoting massive cuts and asking everyone from taxpayers to hospitals to Medicaid recipients to share in the pain of his "cold-turkey" spending plan.
At issue is an "off-budget" fund of $334 million the state is sett...See the full content of this document
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