We are now in the process of keeping government honest, and is on full pledge to pull out the facts and lies in Chris Christie’s camp on Corzine’s budget. Fact:
The Budget in Brief publication has been amended to reflect Governor Corzine’s restoration of the Property Tax Deduction in the FY 2010 budget proposal as described in the press release below:
GOVERNOR CORZINE AND LEGISLATIVE LEADERS TO RESTORE
PROPERTY TAX DEDUCTION FOR FY2010 BUDGET PROPOSAL
TRENTON – Governor Jon S. Corzine today adjusted his $29.8 billion budget proposal to include the restoration of the property tax deduction for all New Jersey taxpayers earning up to $150,000. The original proposal retained the deduction for all senior taxpayers, and this adjustment will restore the deduction for all other taxpayers earning up to $150,000.
“I've been listening to New Jerseyans and think we need to preserve this deduction to continue our fight to ease the burden of property taxes,” Governor Corzine said. “To that end, I will adjust the budget proposal I made to the Legislature by restoring the property tax deduction to nearly 1.5 million working families.”
Under the Governor’s adjusted budget proposal, 84 percent of New Jersey taxpayers will get a full deduction. For this near-complete restoration, a one-year only increase in the “millionaire’s tax” will be implemented. That tax was enacted in 2004and applies to the wealthiest one percent of New Jerseyans, those who make more than$500,000 a year.
“Given the circumstances, allowing people to maintain their property tax deduction is the right thing to do and will help ease the pain for those being squeezed the most,” Senate President Richard J. Codey said.
Revised budget: Click on the link to see it
Revised 2009 budget
Projected Budget: Click on the link to see it
Projected 2009 budget
False:
Governor Chris Christie states in the Star ledger: “We passed a budget that cuts $11 billion from our state’s budget.”Here are the facts: This year’s budget is $29.4 billion, and last year’s was $32.2 billon. That’s a cut of less than $3 billion.”
Samples from NJ.COM : and click on the link to read the full article.
Chris Christie is not only using old budget numbers to prove a point but his numbers don’t add up either. When Corzine left office, he gave Chris Christie a sweet deal, and didn’t leave him a mess—plus Chris Christie will need to stop using President Barack Obama’s lines, on fiscal responsibility. Jon S. Corzine gave Chris a $500 million dollar surplus, from the state services increase. Which was a freeze on property taxes for seniors over 65, with an increase on paid services? Those are facts as you see above!
Chris Christie’s budget is $29.4 billion in spending, and $11 billion in deficit, with no decreases in property taxes, no freeze on property taxes, and a 25% increase on public services, which will generate a capping total of $35 billion in obligated spending plus generated revenue. Even if Chris Christie included the $11 billion deficit in his general budget, he would still be short of the $4 billion in Federal funding that new Jersey may lose out on because of unforced cuts to public services.
So his total debt is not $11 billion but $15 billion which are calculated from the moneys generated from the public fares increase, and the decrease in public employment. Plus the at state pay of property taxes which are now $7,000 per home, compared to Corzine’s $6,000 per home—with the no freeze, or federal subsidies, or extra funding in Chris Christie's budget. "Omar Dyer is not just a blogger--he's the leading man for news, on politics."
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