WNYC's Bob Hennelly is an award-winning investigative journalist. While at WNYC he has reported on a wide gamut of major public policy questions ranging from immigration and homeland security to power outages and utility mergers.
Corzine Releases Bad News Budget Today
Tuesday, March 10, 2009
New York, NY –
Today, New Jersey Governor Jon Corzine delivers his annual budget address. WNYC's Bob Hennelly reports on how he plans to cope with a state economy that shows no signs of recovery.
REPORTER: The Corzine Administration says it's keeping all options open to compensate for a projected 10 percent decline in the state's tax revenue.
Even though it's an election year budget, much of the state's popular homestead property tax rebate program could be zeroed out. Already, many New Jersey homeowners are coping with the unnerving combination of higher property taxes and declining property values.
For months, Governor Corzine has continued to make spending cuts for the current year as revenues continued to slide. The Governor says he's committed to maintaining the state's role in health care, education and public safety. For WNYC i am Bob Hennelly.