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: Calculated RiskNew Jersey: State of Fiscal Emergency
By Anonymous
New Jersey Governor Chris Christie on Thursday declared a "fiscal emergency," allowing him to reserve or freeze state spending as part of his plan to tackle one of the largest 2011 deficits among U.S. states.Just a late night budget update ...
...
The deficit in the current budget, which ends on June 30, is $2.2 billion, while the gap in the following budget has spiked to $11 billion from a forecast of $8 billion in November ... the largest per-capita budget shortfall of any U.S. state
Full post as published by Calculated Risk on February 12, 2010 (boomark / email).
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