N.J. Gov. Lays Out Plan to Close $2.2 Billion Budget Hole
Saying New Jersey is in a fiscal crisis, Gov. Chris Christie on Thursday told lawmakers that he plans to use his broad executive powers to close a $2.2 billion budget gap by withholding education money, and by cutting funding for hospital charity care and public transportation among hundreds of other programs.
In his first major budget speech since taking office last month, the Republican governor told lawmakers that the current budget is in "shambles."
To close the budget hole, Christie plans to freeze $1.6 billion in unspent money, including $475 million in school aid, $62 million for higher education, and $12.6 million in hospital charity care for low-income and indigent residents. He will also freeze nearly $16 million in unused grant money from the Division of Youth and Family Services, $158 million from the Clean Energy Fund, and nix a $32.7 million...
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