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Thursday, March 11, 2010

With Gov. Christie's first budget address days away, we thought we'd tally up some of the winners and losers in the first few weeks of his administration. (Please note there are many more losers after the governor made close to 400 budget cuts to close to 2010 fiscal year budget gap; the following is just a sampling).:

Winners 

  • Families with incomes above $400,000 and small businesses: Corzine, following Christie’s direction, allowed a temporary income tax hike for the wealthiest families to sunset in December. The sunset would also help some small businesses.
  • Employers: if Christie’s unemployment insurance fund proposal is enacted, employers would pay an average of $130 more per year per employee starting in July, instead of the average increase of $400 that had been set to take effect.
  • Corporations: Christie has promised to get rid of a 4 percent tax surcharge on corporations. The surcharge is on top of a 9 percent corporation tax.

Losers

  • The unemployed: If a Christie proposal to shore up the unemployment insurance fund is adopted, maximum unmemployment benefits would max out at $550 per week instead of $600 a week and recipients would have to wait one week before receiving the benefits. Extended benefits would also be contingent upon continued full federal funding. The changes would only apply to those who lose their jobs after the new rules takes effect.
  • Government employees: A bill approved in Senate, supported by Christie, would make relatively modest pension and benefits reforms for public employees - the most significant requires all government workers to contribute 1.5 percent of their salaries toward health benefits. Also, the governor cut $100 million of contributions toward government employee pensions to close the fiscal year 2010 budget gap.
  • Hospitals: Lost $25 million in charity care funding, half from the federal government and half from the state, to close the fiscal year 2010 budget gap.
  • NJ Transit riders: Fare hikes of 25 percent are expected to take effect as early as May 1 after Christie cut state aid. 
  • Lower income legal immigrants who are not citizens: FamilyCare, the state program providing health benefits for low- to moderate-income families will exclude legal immigrants who are not citizens, which means an estimated 11,700 adults will lose their benefits.
  • Clean energy - The governor cut about $300 million from clean energy programs.
  • Some school districts - The state will withhold aid to school districts with surpluses above the 2 percent allowed by law. Those districts will be forced to use those "excess surpluses" to finish the school year. Those without additional surpluses were not affected, leading some to say the governor was punishing school districts for planning ahead.

Click here for Philly.com's politics page.

Posted by Adrienne Lu @ 5:48 PM  Permalink | 5 comments
Comments   
  • 0 like this / 0 don't   •   Posted 7:13 PM, 03/11/2010
    Nice job Governor Christie. Difficult situations call for difficult solutions and the Gov is showing some thing that has been lacking in government - leadership.
    PhillyTru
  • 0 like this / 0 don't   •   Posted 8:36 PM, 03/11/2010
    Christie must be doing something right. What a snarky article
    jersey girl
  • 0 like this / 0 don't   •   Posted 9:54 AM, 03/13/2010
    get rid of the stinch in Trenton as well!!! Plus thanks for asking for my resume so you could throw in the trash I guess!! still waiting for the call!!
    sawgrass
  • 0 like this / 0 don't   •   Posted 4:27 PM, 03/15/2010
    We all know where asking government eomplyees to pay for benefits. In the private sector, we were told 401K would put our future into our own hands instead of the pensions businesses provided. We all saw how Wall St pocketed big commissions when they gambled away our savings. Now companies are saying they can't contribute to our 401Ks at all. That's where we're going with health care as well. Every man for himself and, sorry, you put all that into your 401K for nothing. You can't retire. I thought he was going after corruption and waste. What's he doing about the Burlington Cty Bridge Commission where Republicans are stealing tens of millions of dollars? Nothing. He's cutting education while giving a tax cut to people making over $400K. That's what's best for all of NJ?
    MikeP
  • 0 like this / 0 don't   •   Posted 4:27 PM, 03/15/2010
    We all know where asking government eomplyees to pay for benefits. In the private sector, we were told 401K would put our future into our own hands instead of the pensions businesses provided. We all saw how Wall St pocketed big commissions when they gambled away our savings. Now companies are saying they can't contribute to our 401Ks at all. That's where we're going with health care as well. Every man for himself and, sorry, you put all that into your 401K for nothing. You can't retire. I thought he was going after corruption and waste. What's he doing about the Burlington Cty Bridge Commission where Republicans are stealing tens of millions of dollars? Nothing. He's cutting education while giving a tax cut to people making over $400K. That's what's best for all of NJ?
    MikeP


5 comments
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