by Bill McBride on 2/12/2010 12:52:00 AM
Friday, February 12, 2010
From Reuters: New Jersey governor declares fiscal emergency
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
Posted by Bill McBride on 2/12/2010 12:52:00 AM