For Fiscal Year 2011, the state will have to resolve a more than $11 billion gap at the outset – the
largest shortfall per taxpayer of any state in the country by far. On February 11, 2010 Governor Chris Christie announced $2.203 billion in budget solutions to balance New Jersey’s current‐year budget. Among some of the largest impacts from the budget solutions:
• Withholding $475 million in local school aid for the balance of the fiscal year, with the amount
of individual aid reductions tied to surpluses in the school districts. The withheld aid will not
result in any reduction in approved school spending this year.
• A $62.1 million reduction in aid to county and senior public colleges and universities, also tied
to existing surpluses.
To read the Governor's report:
http://www.nj.gov/governor/news/news/552010/pdf/FY2010BudgetSolutions0219.pdf
Friday Fragments
4 years ago
No comments:
Post a Comment