Senator Steve Oroho, a member of the Senate Budget and Appropriations Committee, issued the following statement regarding remarks made by Senator Steve Sweeney on NJ 101.5 yesterday:
“I am heartened by my friend Steve Sweeney’s remark that we need to stop spending more than we collect. This formula is the root of our financial troubles and changing it is the only way to get New Jersey’s fiscal house in order. In the past, Senator Sweeney and I have worked together, successfully, to reform an unfair tax on New Jersey’s businesses. Senator Sweeney also worked in a bipartisan manner to make badly needed reforms to the state’s pension systems.
“Now, I would like to work with my colleagues on both sides of the aisle to pass my constitutional amendment, SCR-70, which would require the budget be balanced with only recurring revenues, not one shot gimmicks. Without the discipline of a constitutional obligation New Jersey will be destined to repeat the mistakes of the past, which transformed a prosperous state into an economic basket case.
“The current budget enacted by Governor Corzine is propped up by billions of dollars of one-time revenues and billions of dollars in deferrals of spending until another year. For example, school spending is propped up with more than $1 billion of stimulus funds that disappear next year. Governor Corzine has not said whether he will find cuts to keep school funding intact next year or whether he will allow schools to be cut when their source of funding disappears.”
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August 18, 2009
