The State Budget Address: Shoe Me the Money
The Record, Bergen County, NJ › March 05, 2009
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Summary
NEXT WEEK, the other shoe drops. And it's a really big shoe. Governor Corzine will deliver his budget address to the Legislature. As bad-news budgets go, this one is going to be more painful to watch than Mike Meyers' "The Love Guru."
As the recession deepens and state revenues continue to decline, the governor is running out of props to juggle. The state is legally required to balance its budget no matter what. And it is becoming more apparent that the much-loved property tax rebate is on the block.See the full content of this document
Extract
The State Budget Address: Shoe Me the Money
A lot of folks believed the rebates always were nothing more than gimmicks. The sales tax went up so that the state could refund some money to homeowners. It wasn't really a savings, just a circular r...
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