Ciattarelli: Transparency and Immediate Savings Needed, Not More Borrowing - InsiderNJ
Jack Ciattarelli, a certified public accountant (inactive), two-time business owner, former local and state elected official and a declared candidate for governor today issued the following statement:
“While New Jersey hopes and prays for a return to normalcy, it’s plain that nothing is normal about our state’s deteriorating fiscal position. The Governor himself has spoken of the ‘revenue cliff’ crashing our state’s finances.
“We currently don’t know the full extent of our state budget problems. I urge the Governor to include a structured and consistent fiscal update in his COVID-19 press briefings, even if just once a week. That kind of transparency will be key to building a consensus on the way forward.
“Because of the crisis, the administration “froze” $920 million of appropriations. But that’s only 2% of the budget. We need immediate and real savings in line with clear priorities (e.g., public employee pensions vs. property tax relief).
Read more HERE.