Publish to Newswire
Add an EventFrom the Open-Publishing Calendar
From the Open-Publishing Newswire
Indybay Feature
US: Democrats’ tax deal ends New Jersey government shutdown
New Jersey public employees were expected to begin returning to work by the end of this week following the announcement of a deal Thursday between New Jersey’s Governor Jon Corzine and state lawmakers on a new state budget. An impasse between the Democratic governor and the Democratic state legislature led to a six-day shutdown that left tens of thousands out of work and curtailed all but emergency services.
On Saturday, July 1 Corzine, a former CEO of Goldman Sachs whose personal assets are estimated in the hundreds of millions, signed an emergency order under the state’s Disaster Control Act to shut down “inessential” state services. His aim was to pressure state legislators from his own party into accepting key elements of his budget proposal.
Unprecedented in New Jersey’s history, the move furloughed 45,000 of the state’s 80,000 employees, depriving them of paychecks while state politicians and the governor continued to engage in political brinksmanship.
Road construction, the court system with exceptions for emergencies, the motor vehicle service, the state lottery, and many state offices closed down. On Wednesday, the dozen major gambling casinos in Atlantic City were forced to close their gaming operations because of the furlough of gambling inspectors. The loss of some $16 million in daily income for the casinos brought the first major national media attention to the New Jersey crisis.
The suspension of the state lottery cost the government over $2 million per day, while the shuttering of the casinos was expected to cost an additional $1.3 million per day in lost tax revenues.
More
http://wsws.org/articles/2006/jul2006/newj-j07.shtml
Unprecedented in New Jersey’s history, the move furloughed 45,000 of the state’s 80,000 employees, depriving them of paychecks while state politicians and the governor continued to engage in political brinksmanship.
Road construction, the court system with exceptions for emergencies, the motor vehicle service, the state lottery, and many state offices closed down. On Wednesday, the dozen major gambling casinos in Atlantic City were forced to close their gaming operations because of the furlough of gambling inspectors. The loss of some $16 million in daily income for the casinos brought the first major national media attention to the New Jersey crisis.
The suspension of the state lottery cost the government over $2 million per day, while the shuttering of the casinos was expected to cost an additional $1.3 million per day in lost tax revenues.
More
http://wsws.org/articles/2006/jul2006/newj-j07.shtml
Add Your Comments
We are 100% volunteer and depend on your participation to sustain our efforts!
Donate
$230.00 donated
in the past month
Get Involved
If you'd like to help with maintaining or developing the website, contact us.
Publish
Publish your stories and upcoming events on Indybay.
Topics
More
Search Indybay's Archives
Advanced Search
►
▼
IMC Network