There are no new taxes for 2008 budget. We will be be ok for now but our governor looks beyond to the horizon. It is a lean budget but we have to. He proposed a new paradigm called asset monetization. NJ dept burden is a quick sand. Borrowing is not an option anymore. Some how this new paradigm may be a solution. I am no pro but I do know that barrowing is a bad idea if you do not know what to do with the money.
Maybe we are in the right direction this time.
New Jersey has talented residents, good schools, and outstanding companies like Verizon, Campbell Soups, CitiGroup.
The Governor's speech http://blog.nj.com/ledgerupdates/2007/02/text_of_the_governors_budget_a.html.
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