| Updated by Jason: Here is the full text of his speech.
Update by Hopeful: Reactions from legislators are posted in comments. Republicans are supportive, Democrats promise a "long, hard look."
Chris Christie will be addressing the legislature today and is expected to describe how he will close this year's budget gap. The speech is scheduled for 10:30AM and we'll live blog it.
NJ.com has a preview:
Gov. Chris Christie will declare a state of emergency in a major budget speech today, laying the groundwork to make a range of cuts that will include $475 million in withheld state aid to schools, according to people familiar with his plans...
Christie will introduce $475 million in cuts to school funding to more than 500 school districts, a move he will not need legislative approval for, according to a Democrat who was briefed by Christie administration officials Wednesday night.
More furloughs, however, are not expected.
You'll remember that Corzine had proposed cuts to state aid in December, but thought he needed legislative approval and didn't get it by the time he left office.
I hear the speech will be televised on NJN, and it is on NJN radio and their radio live stream. Here is a link to the NJN Video live stream. |