Senator Steve Oroho, a member of the Senate Budget and Appropriation Committee, issued the following statement regarding the Fiscal Year 2010 budget that was signed by the governor today:
“Make no mistake — this budget is Jon Corzine’s election year Hail Mary pass. This budget pushes off billions of dollars of today’s debt and other obligations onto future generations, all to prop up the governor’s flagging approval ratings. Next year, it will leave us with estimated $8 billion to $10 billion deficit that the governor hopes to fill with more Washington bailout money and another round of irresponsible gimmicks.
“This budget will cost a family making the state median income an additional $1,500 this year alone. This figure doesn’t include the higher tolls and motor vehicle fees that the governor and his allies rammed through this year.
“This spending plan is the culmination of too many years of shortsighted tax, borrow and spend policies which have left us with surging taxes, crippling debt and billions of dollars in increased spending we can’t afford, with no end in sight. It has also left us in an uncompetitive business climate vis-à-vis other states.
“When the budget is signed today, New Jersey will hit the high tax trifecta: highest property taxes, highest marginal income tax rate and the second highest sales tax in the nation. This is no way to lead what was once the most prosperous state in the nation.”
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October 7, 2011
