Quality Public Education for All New Jersey Students

 

 
     3-30-13 Education in the News - Dept of Education-State Budget, Autism Rates in NJ
     3-20-12 Education Issues in the News
     3-6-12Tenure Reform News - Discussion at Senate Education Committee
     2-23-12 State Aid Figures Released late today: GSCS Statement
     2-29-12 NJTV on NJ School Funding...and, Reporters' Roundtable back on the aire
     S1455 Ruiz TEACHNJ Act, introduced February 2012
     S1455 Ruiz TEACHNJ Act
     November Elections for Schools - Department of Education FAQ's
     1-18-12 GSCS ‘Take’ on the School Elections Law
     1-24-12 Education Issues in the News
     1-24-12 Supreme Court Justices Nominated by Governor Christie
     Committe Assignments for 2012-2013 under the new 215th Legislature rolling out
     Education Transformation Task Force Initial Report...45 recommendations for starters
     9-12-11 Governor's Press Notice & Fact Sheet re: Education Transformation Task Force Report
     Democrat Budget Proposal per S4000, for Fiscal Year 2011-2012
     Additional School Aid [if the school funding formula,SFRA, were fully funded for all districts] per Millionaires' Tax bill S2969
     6-24-11 Democrat Budget Proposal brings aid to all districts
     6-1-11 Supreme Court Justice nominee, Anne Paterson, passed muster with Senate Judiciary Committee yesterday by 11-1 margin
     4-29-11 BOOMERANG! Near 80 per cent of School Budgets Passed in Wednesday'sSchool Elections
     4-26-11 School Elections, Randi Weingarten in NJ, Special Educ Aid, Shared Services bill
     4-25-11 Charter Schools in Suburbia: More Argument than Agreement
     4-24-11 Major Education Issues in the News
     4-21-11 Supreme Court hears school funding argument
     4-14-11 Governor Releases Legislation to Address Education Reform Package
     4-13-11 Governor's Proposed Legislation on Education Reform April 2011
     4-5-11 Education Issues in the News
     4-8-11 Education Issues in the News
     4-7-11 Gov. Christie - 'Addressing New Jersey's Most Pressing Education Challenges'
     4-3-11Press of Atlantic City - Pending Supreme Court ruling could boost aid to New Jersey schools
     4-2-11 The Record - Charter school in Hackensack among 58 bids
     4-1-11 N.J. gets 58 charter school applications
     3-31-11 Charters an Issue in the Suburbs - and - So far, only 7 Separate Questions on April School Budget Ballots
     3-26-11 New Jersey’s school-funding battle could use a dose of reality
     Link to Special Master Judge Doyne's Recommendations on School Funding law to the Supreme Court 3-22-11
     3-22-11 Special Master's Report to the Supreme Court: State did not meet its school funding obligation
     GSCS - Local District Listing : Local Funds Transferred to Charter Schools 2001-2010
     GSCS Bar Chart: Statewide Special Education cost percent compared to Regular & Other Instructional cost percent 2004-2011
     3-4-11 'Teacher Evaluation Task Force Files Its Report'
     3-6-11 Poll: Tenure reform being positively received by the public
     Link to Teacher Evaluation Task Force Report
     GSCS Take on Governor's Budget Message
     Gov's Budget Message for Fiscal Year 2010-2011 Today, 2pm
     Tenure Reform - Video patch to Commissioner Cerf's presentation on 2-16-10
     2-16-11 Commissioner Cerf talks to educators on Tenure, Merit Pay , related reforms agenda
     Assembly Education Committee hearing Feb 2-10-11
     Assembly Education Committee hearing today, Feb 10, 2011
     9-12-10 ‘Schools coping, in spite of steep cuts'
     12-10-10 ‘NJN could get funding to stay on air as lawmakers weigh network's fate’
     2-7-11 Education - and Controversy - in the News
     1-25-11 Education in the News
     1-24-11 GSCSS Testimony before Assembly Education Committee: Charter School Reform
     1-24-11 GSCS Testimony on Charter School Reform before Assembly Eduction Committee today
     1-20-11 GSCS Testimony before Senator Buono's Education Aid Impact hearing in Edison
     Assembly Education Hearing on Charter School Reform Monday, 1-24-11, 1 pm
     GSCS Board of Trustees endorsed ACTION LETTER to Trenton asking for caution on Charter School expansion
     GSCS testimony on Tenure Reform - Senate Education Committee 12-09-10
     12-12-10 'Rash of upcoming superintendent retirements raises questions on Gov. Christie's pay cap'
     12-8-10 Education & Related Issues in the News - Tenure Reform, Sup't Salary Caps Reactions, Property Valuations Inflated
     12-7-10 Education Issues continue in the news
     12-6-10 njspotlight.com 'Christie to Name New Education Commissioner by Year End'
     12-5-10 Sunday News - Education-related Issues
     11-19-10 In the News - First Hearing held on Superintendent Salary Caps at Kean University
     11-19-10 NJ Spotlight reports on 'National Report Card (NAEP) Rates NJ Schools'
     11-15-10 GSCS meeting with Assembly Speaker Sheila Oliver
     GSCS Education Forum Stayed Focused on Quality Education
     Governor's Toolkit Summary - Updated November 2010
     11-18-10 Superintendent Salary Caps to be publicly discussed tonight at Kean University
     10-8-10 Education Issue in the News
     9-15-10 'Governor Christie outlines cuts to N.J. workers' pension, benefits'
     GSCS Heads Up - County-wide school district governance legislation getting ready to move
     9-1-10 Education in the News
     8-31-10 Latest development: Schunder's margin notes reveal application error
     8-27-10 later morning - breaking news: Statehouse Bureau ‘Gov. Chris Christie fires N.J. schools chief Bret Schundler’
     8-27-10 Star Ledger ‘U.S. officials refute Christie on attempt to fix Race to the Top application during presentation’
     8-25-10 Race to the Top articles - the 'day after' news analysis
     8-24-10 Race to the Top Award Recipients named
     8-23-10 S2208 (Sarlo-Allen prime sponsors) passes 36-0 (4 members 'not voting') in the Senate on 8-23-10
     8-16-10 Senate Education hears 'for discussion only' comments re expanding charter school authorization process; Commissioner Schundler relays education priorities to the Committee
     8-13-10 East Brunswick Public School seeks stay on Hatikvah Charter School opening this fall (re: Hatikvah not meeting minimum enrollment requirement)
     7-22-10 'Summer school falls victim to budget cuts in many suburban towns'
     7-21-10 List of bills in Governor's 'Toolkit'
     Governor's Toolkit bills listing
     7-18-10 Troublesome sign of the times? Read article on the growing trend for education foundations - the pressure to provide what the state no longer supports for education...California's Proposition 13 cited
     7-16-10 GSCS Information & Comments - S29 Property Tax Cap Law and Proposal to Reduce Superintendent salaries ....
     7-15 & 16 -10 'Caps - PLURAL!' in the news
     GSCS - High costs of Special Education must be addressed asap, & appropriately
     7-12-10 Assembly passes S29 - the 2% cap bill - 73 to 4, with 3 not voting
     GSCS re:PropertyTax Cap bill - Exemption needed for Special Education enrollment costs
     7-8-10 Tax Caps, Education in the News
     GSCS:Tax Cap Exemption needed for Special Education Costs
     7-3-10 Governor Christie and Legislative leaders reached agreement today on a 2% property tax cap with 4 major exemptions
     7-1 and 2- 10 Governor Christie convened the Legislature to address property tax reform
     6-29-10 GSCS - The question remains: ? Whither property Tax Reform
     GSCS On the Scene in Trenton: State Budget poised to pass late Monday...Cap Proposals, Opportunity Scholarship Act in Limbo
     GSCS On the Scene in Trenton: Cap Proposals, Opportunity Scholarship Act in Limbo
     6-25-10 Appropriations Act bills for Fiscal Year 2010-2011 available on NJ Legislature website - here are the links
     6-23-10 Trenton News: State Budget on the move...Education Issues
     On the GSCS Radar Screen: Recently proposed (early June '10) legislation S2043 brings back Last Best Offer (LBO) for school boards in negotiations
     On the GSCS RADAR SCREEN S2021 (June '10) sponsored by Senator Tom Kean
     On the GSCS Radar Screen: Recently proposed legislation S2043 brings back Last Best Offer (LBO) for school boards in negotiations
     6-8-10 Education issues in the news today - including 'hold' on pension reform, round two
     On the GSCS Legislative Radar Screen
     6-4-10 S1762 passed unanmiously out of Senate Education Committee yesterday
     6-3-10 RTTT controversy remains top news - articles and editorials, column
     6-2-10 RACE TO THE TOP (RTTT) 'NJ STYLE': It is what it is ...but what exactly is it? Race to the Top application is caught in a crossfire of reports - more information and clarity is needed
     Senate Education Committee Agenda for 6-3-10
     5-11-10 njspotlight.com focuses on NJ's plans for and reactions to education reform
     ADMINISTRATION'S PLANS CITED FOR ROUND 2 - RACE TO THE TOP GRANT
     5-8 & 9-10 Education Reform Proposals Annoucned
     5-9-10 'Gov Christie to propose permanent caps on salary raises for public workers'
     5-3-10 NY Times 'Despite Push, Success at Charter Schools is Mixed
     3-30-10 Race to the Top winners helped by local buy-in
     3-31-10 What's Going on in Local Districts?
     3-26-10 GSCS: Effective & Well-Reasoned Communication with State Leaders is Critical
     3-26-10 School Aid, Budget Shortfall - Impt Related Issues = Front Page News
     3-25-10 NEW PENSION REFORM LAW - INFORMATION
     FAQ's on Pension Reform bills signed into law March 22, 2010
     3-23-10 GSCS Testimony presented to Senate Budget Committee on State Budget FY'11
     3-21-10 Reform bills up for a vote in the Assembly on Monday, March 22
     3-11-10 'GOP vows tools to cut expenses, tighter caps'
     3-5-10 HomeTowne Video taping + interviews of GSCS Summit@Summit
     3-5-10 GSCS Summit@Summit with Bret Schundler to be lead topic on Hall Institute's weekly 2:30 pm podcast today
     2-26-10 'NJ average property taxes grow 3.3 percent to an average of $7,300'
     2-25-10 Gov. Christie's Red Tape Review Comm., chaired by Lt. Gov. Guadagno, to hold public hearings In March
     2-24-10 Pension Reform bills to be introduced in Assembly this Thursday
     2-24-10 'Tight funds raise class sizes that districts long sought to cut'
     2-22-10 Christie and unions poised to do batttle over budget cuts'
     2-19-10 'Acting NJ education commissioner hoping other savings can ward off cuts'
     2-22-10 Trenton Active Today
     Flyer for March 2 Education 'Summit@Summit'
     MARK YOUR CALENDARS! GSCS GENERAL MEMBERSHIP-STATEWIDE MEETING 'THE SUMMIT AT SUMMIT', TUESDAY MARCH 2, 7:30 p.m., Details to follow
     2-14-10 'FAQ's on NJ's state of fiscal emergency declaration by Gov. Christie'
     2-12-10 Assembly Budget hearing posted for this Wednesday, Feb. 17
     FY2010 Budget Solutions - PRESS PACKET
     School Aid Withheld Spreadsheet
     2-12-10 News Coverage: Governor Christie's message on actions to address current fiscal year state budget deficits
     2-11-10 Gov Christie address to Joint Session of the Legislature on state budget and current year aid reduction remains scheduled for today
     2-10-10 'Schools are likely targets for NJ budget cuts'
     2-9-10 News article posted this morning notes potential for large loss of current year school aid
     2-8-10 Northjersey.com editorial 'Tightenting our Belts'
     2-8-10 'School leaders around N.J. wait and worry over state aid figures'
     2-8-10'Gov Christie, lawmakers proporse sweeping pension, health care changes for public employees'
     2-4-10 'Christie advisers call for tough new school rules'
     1-28-10 School Surplus plan to supplant State Aid in this year gaining probability
     Governor Christie Education Transition Team Report , released 1-22-10
     1-22-10 "N.J. poll finds support for easier teach dismissal, merit pay'
     1-20-10 'N.J. files application for federal Race to the Top education money'
     1-20-10 Editorials, Commentary on New Governor in Trenton
     1-18-10 Advance news on 'Christie as new Governor'
     GSCS to speak at Tri-District 'Open' meeting in Monmouth on January 27
     1-15-10 Education News-Race to the Top incentives, NCLB annual results, supermajority vote upheld
     1-14-10 'N.J. Gov.-elect Christie targets teachers' union with Schundler appointment'
     1-14-10 'To lead schools, Christie picks voucher advocate'
     1-12-10 Lame Duck Session is over
     1-11-10 Transition News
     1-10-10 'Educators say consolidating school districts doesn't add up'
     1-8-10 Of Note for schools - from Lame Duck session yesterday, 1-7-10
     1-6-10 Race to the Top Plans on the move, not without conflict
     1-6-10 Lame Duck Legislative Calendar Updated
     12-31-09 Commissioner invites chief school administrators to Race to the Top meeting
     1-5-10 GSCS: Update on January 4 Lame Duck Session & State School Aid Proposal
     1-5-10 Lame Duck Legislative Calendar through January 12th
     1-5-10 Update on January 4 Lame Duck Session
     12-23-09 Gannett article provides details on Gov. Corzine's proposal to use additional surplus in place of state aid
     12-23-09 GSCS: Governor Corzine targets excess school surplus to replace state aid payments starting in Feb '10 - lame duck legislation anticipated
     1-4-10 Legislative Calendar through January 12th
     1-4-10 Assembly Education Committee Agenda
     12-30-09 January 4th Senate Quorum -Committee Schedule (Assembly not yet public information)
     January 2010 Lame Duck Legislative Schedule
     12-15-09 Also on the GSCS Radar Screen
     12-15-09 On the GSCS Radar Screen: S2850 poised for a vote
     11-17-09 Politickernj's 'Inside Edge' on Possible Education Committee Chairs
     11-19-09 GSCS HEADS UP: Prevailing Wage bills on 'lame duck fast track' to be heard on 11-23-09
     11-13-09 Education Week on: Gov-elect Christie's Education Agenda; Race to the Top Funds Rules
     11-12-09 p.m. Lame Duck Schedule Announced
     10-26-09 'High school sports spending grows as budgets get tighter inNew Jersey'
     10-2009 On the GSCS Radar Screen
     10-1-09 Education Week on Acheivement Gap narrowing; Algebra Testing
     10-1-09 Information on S2850 Prevailing Wage bill - food service workers included
     9-29-09 My Central NJ article on merging v home rule struggle
     GSCS Report on its Annual Meeting June 2009
     9-27-09 Education News of Note
     9-23-09 'Tests changing for special ed students'
     9-13-09 As an issue for N.J.(Gubernatorial election), schools are in'
     8-10-09 News of Note
     8-7-09 'Bill would strengthen teacher tenure rights'
     7-14-09 Philadelphia Inquirer Editorial
     6-26-09 Floor Amendment to A1489 re Extracurricular fees
     6-26-09 Executive Director to GSCS Trustees; Wrap Up Report - State Budget and Assembly bills this week
     6-26-09 Education Issues in the News
     6-23-09 A4141 & S3000 clarifies how to eliminate Non-Operating school districts
     6-23-09 Grassroots at Work re A4140, A4142 and A1489
     6-23-09 Press of Atlantic City on Assembly Education hearing yestserday
     6-22-09 Assembly Education moves bills out of committee
     6-22-09 GSCS Testimony A1489, A4140, A4142
     6-22-09 Bills A4140, 4142, and A1489
     6-21-09 Assembly Education hearing for 6-22 9 am
     6-15-09 GSCS Testifies on its concerns re S2850
     6-11-09 GSCS - it sometimes defies logic
     4-5-09 The Record, Sunday April 5, Front Page Opinion
     4-5-09 A new approach to an old math problem'
     12-28-08 NY Times 'Pension Fight Signals What Lies Ahead'
     12-29-08 NJ to new leaders - Fund our schools
     12-21-08 GSCS EMAILNET - Excerpts
     11-25-08 Perspective piece criticizes recent Supreme Court Abbott decision
     11-24-08 Editorial asks for preschool initiative slow down
     11-23-08 'State lacks financial incentives to sell concept of school mergers'
     11-4-08 NCLB early test results
     10-6-08 D.O.E. October Workshops on Transforming High Schools
     10-6-08 October Workshops on Tranforming High Schools
     GSCS, Special Education Coalition for Funding Reform, and Rutgers Institute co-sponsor Forum Oct 7th
     10-8-08 GSCS spotlights preschool expansion implementation issues as a prioirty
     9-30-08 Senate Education Committee meets 10-2-08
     9-24-08 Editorials re High School Redesign issues
     9-24-08 Commissioner of Education at Assembly Education Committee yesterday
     9-24-08 Supreme Court hearing on constitutionality of School Funding Reform Act
     9-17-08 HIGH SCHOOL 'REDESIGN' PLAN TO BE DISCUSSED AT STATE BOARD OF ED TODAY
     SAVE THE DATE - OCT. 7TH
     6-17-08 School bills passed in Assembly yesterday
     6-13-08 News on Education Committee actions yesterday in Trenton
     4-07 The CORE bill 'A4' in its entirety
     5-15-08 Bills A10 and A15 already posted for a vote in the Assembly this Monday 5-19-08
     9-20-07 New Jersey School Boards Assoc. Releases its Report on Special Education
     9-20-07 With eyes on the future, justices look back at Abbott
     7-31-07 EMAILNET Status of School Funding Formula, more
     Public Education Institute Forum 9-19-07
     Recent education Research articles of note from Public Educ Network
     APRIL '07 MOODY's OUTLOOK ON SCHOOLS -NEGATIVE
     8-9-06 Special Session Jt Comm on Consolidation of Govt Services meeting 8-8-06
     8-2-06 Special Session 4 committees description
     8-2-06 Legislature's descriptoin of Jt Comm on School Funding Reform
     7--31-06 Legislature appoints Joint Committees on Property Tax Reform
     7-29-06 School Funding formula draws mixed reactions
     7-28-06 Gov to legislature: make history, cut taxes
     7-27-06 Trenton begins its move to address property taxes
     7-25-06 Associated Press Prop Tax Q & A
     7-19-06 Ledger -Advocates sue for release of report on school funding
     7-16-06 (thru 7-21-06) Bergen Record series investigate cost of NJ public services & property tax link
     7-18-06 Live from the Ledger
     7-18-06 Education Law Center takes state to court over funding study
     7-18-07 Star Ledger on high taxes & quality education in one town
     7-16-06 Bergen Record series investigate cost of NJ public services & property tax link
     7-14-06 EMAILNET
     7-13-06 Articles - Property tax issues, teacher salaries, voucher suit filing
     7-12-06 Statehouse starts talking specifics about property tax reform
     7-11-06 Talk of Special Session on Property Tax Reform
     6-15-06 Star Ledger, Gannet articles- Abbott advocates demand school reform at educ. dept
     A54 Roberts - Revises title and duties of county supterintendent
     Status of Senate bills related to SCI report
     6-12-06 EMAILNET - Extraordinary Special Education student aid; FY07 Budget 'crunch' is on; news clips
     6-6-06 Legislative Leaders announce initial plans for property tax reform
     S1546 Moves School Elections - GSCS Position
     Representative GSCSTestimonies
     Funding Coalition submits paper 'Beginning Discussions on School Funding Reform'
     Find Your Legislator
     5-14-06N Y Times 'For school budgets the new word is NO'
     Assembly Speaker Roberts proposes 'CORE' plan for schools & towns
     AR168 WatsonColeman-Stanley
     5-16-06 EMAILNET Action in Trenton
     5-10-06 A Lot is going on - Major News fromTrenton
     5-9-06 Supreme Ct freezes aid & Asm Budget Comm grills DOE Commissioner
     4-21-06 School budget election fallout - politicians & press comment
     3-28-06 GSCS testimony before Assembly Budget Comm today
     4-17-06 EMAILNET
     4-8-07 Corzine Administration files brief with Supreme Court re Abbott funding
     4-16-06 Star Ledger editorial & article re Gov v. Abbott from 4-15-06
     3-28-06 GSCS testimony before Assembly Budget Comm
     Legislative Calendar during State Budget FY07 process
     3-24-06 Schools learn who wins, loses in Corzine budget
     3-10-06 Star Ledger 'Time is ripe for poorer districts to contribute.
     2-22-06 New York Times NCLB - 20 states ask for flexibility
     2-1-06 EMAILNET GSCS Advocacy FY07 Budget; On the Homepage Today
     Governor Corzine's Transition Team Reports
     1-25-06 Star Ledger 'School District's Woes Point to Rising Tax Resistance'
     1-19-06 EMAILNET Quick Facts, On the Homepage Today
     The Record7-10-05 Sunday Front Page Must Read
     GSCS submission to Governor Corzine's Education Policy Transiton Team
     1-15-06 The Record 2 Sunday Articles anticipating top issues confronting the Corzine administration
     1-15-06 Sunday Star Ledger front page on Property Taxes
     1-12-06 Star Ledger 'Lawmaker pushes tax relief plan'
     12-14-05 Asbury ParkPress Editorial 'Re-assess the ABC's of School Funding' notes the Governor's role is critical in making positive change occur
     Star Ledger 6-17-06 Seniors call for Tax Convention Senate Prefers Special Session
     Activists Hope to Revive School Funding Issue
     December 2005 Harvard Famiily Research Project Links
     12-5-05 Governor-elect Corzine selects policy advisory groups
     EMAILNET 12-3-05 Heads Up!
     YOU ARE INVITED - GSCS Invitation: Members and friends of education are invited to a December 7 Symposium on School Funding 'It's Time to get off the Dime - Pitfalls, Priorities and Potential'
     10-19-05 Courier Post-Gannett article on Gubernatorial Debate
     11-1-05 EMAILNET More information on Gubernatorial Candidates
     Lameduck Legislative Calendar November 10 2005 - January 9, 2006
     11-9-05 8 a.m. Election November 8 2005 information
     11-8-05 EMAILNET You are invited to Dec & Symposium on School Funding
     10-14-05 EMAILNET Parent question for Gubernatorial Candidates aired on 101.5 debate, SCC funds, Next Board meeting, press briefing notes
     November 8 2005 YOUR VOTE TODAY COUNTS ... Some news articles worth reading
     Education Law Center Issues Guildlines for Abbot School Districts
     10-16-05 Sunday Star Ledger & Gannet news articles on gubernatorial candidates take on important issues related to public education issues
     10-5-05 PRESS BRIEFING ON SCHOOL AID & FUNDING SPONSORED by Ad Hoc School Finance Discussion Group, GSCS is participant...10-6-05 ASbury Park Press (Gannett) & Press of Atlantic City articles
     Proposed State Budget for Fiscal Year 2006 - GSCS Testimony
     GSCS Testimony before Constitutional Convention Task Force
     NCLB
1-28-10 School Surplus plan to supplant State Aid in this year gaining probability
For Immediate Release, January 28, 2010 ‘Governor Christie Signals Commitment to Increased Transparency with Release of Latest Disclosure Form…Christie Administration Adds Detailed Language on New Jersey's Fiscal Situation’

Trenton, NJ – Governor Christie signaled his commitment to increased transparency in state budgeting with the addition of detailed language on New Jersey's fiscal situation in the State's offering statement. The languages makes clear to potential investors what fiscal developments have taken place since November 2009. ...In response to the budget shortfall, approximately $480 million of budget savings previously identified in the November Supplement are expected to be realized through administrative action. The State still is considering a number of previously identified items of budget savings as well as a number of recently identified items, some of which may require the enactment of legislation. Most notable of the items under consideration is over $260 million in savings intended to be achieved by requiring school districts to offset their State school aid payments with their accumulated surplus balances..."

(See highlighted/italics below re school surplus plan)

 

‘Governor Christie Signals Commitment to Increased Transparency with Release of Latest Disclosure Form…Christie Administration Adds Detailed Language on New Jersey's Fiscal Situation’

 For Immediate Release                                                             Contact: Mike Drewniak

Thursday, January 28, 2010                                                                    609-777-2600

Trenton, NJ – Governor Christie signaled his commitment to increased transparency in state budgeting with the addition of detailed language on New Jersey's fiscal situation in the State's offering statement. The languages makes clear to potential investors what fiscal developments have taken place since November 2009, providing accurate full year budget deficit numbers for Fiscal Year 2010, Transportation Trust Fund (TTFA) revenues and the status of the State Unemployment Compensation Fund. While these numbers indicate deteriorating economic conditions and revenue shortfalls, it provides investors an accurate, up to date snapshot of New Jersey's current fiscal environment.

Additionally, the disclosure update provides guidance on how the Christie Administration will identify items for budget savings, reduce the State's expenditures to address the remaining budget shortfall and continue to fund the TTFA and State Unemployment Compensation Fund.

Governor Chris Christie said, "We have a commitment to anyone with a vested interest in New Jersey - taxpayers, investors and entrepreneurs - to be transparent about our fiscal and economic conditions.  It is a priority of this Administration to be open and forthcoming not only in the realities of the challenges we currently face, but the process with which we aim to close the budget gap, restructure spending and prepare for next year's budget.  We owe the people of New Jersey nothing less."

The updated disclosure language is below:

 Supplement, dated January 28, 2010, To Appendix I, dated July 23, 2009Insert the following section on page I-7 of Appendix I, following the insertion of Appendix I-1, Supplement, dated November 23, 2009, to Appendix I:DEVELOPMENTS SINCE NOVEMBER 23, 2009

 Budget

            Through January 19, 2010 actual revenue collections continue to be less than the amounts estimated at the time of enactment of the Fiscal Year 2010 Appropriations Act.   Accordingly, the State believes that it will realize a significant shortage in the annual revenue estimates for Fiscal Year 2010.  Most significantly, the State expects to realize revenue shortfalls in its sales and corporate business taxes of $442 million and $180 million, respectively.  Additionally, the State expects its estimate of realty transfer and insurance premium taxes to be short by a combined $200 million.  Including the $415 million revenue shortfall previously identified in the Supplement dated November 23, 2009 (the “November Supplement”), the State now projects an aggregate net revenue shortfall of $1.205 billion for Fiscal Year 2010. 

            In addition to the expected annual revenue shortfall, the State has further revised its estimated July 1, 2009 beginning balance to $613.8, a reduction of $121 million from the original estimate contained in the Fiscal Year 2010 Appropriations Act.  The combination of the expected annual revenue shortfall and the revised beginning balance results in a projected funding shortage for Fiscal Year 2010 of approximately $1.326 billion. 

            The State also now anticipates additional spending needs during Fiscal Year 2010 of $853 million, largely for programs administered by the Department of Human Services and for additional Special Municipal Aid. This amount represents an increase of $438 million from the amount identified in the November Supplement.  The combined amount of estimated funding shortage and additional spending needs for Fiscal Year 2010 is now projected to total approximately $2.179 billion.

            In response to the budget shortfall, approximately $480 million of budget savings previously identified in the November Supplement are expected to be realized through administrative action.  The State still is considering a number of previously identified items of budget savings as well as a number of recently identified items, some of which may require the enactment of legislation.  Most notable of the items under consideration is over $260 million in savings intended to be achieved by requiring school districts to offset their State school aid payments with their accumulated surplus balances.

            The revenue enhancements of $60 million identified in the November Supplement have been increased to $175 million, including approximately $5 million from individuals reporting offshore income, $20 million from the implementation of Powerball, and $150 million in additional federal Recovery Act payments to offset costs from the Earned Income Tax Credit program.  The combination of $480 million in budget savings and the estimated $175 million in revenue enhancements will provide $655 million to offset the projected budget shortfall of $2.179 billion. 

            In addition to the actions under consideration described above, the State intends to pursue aggressive use of the Executive Branch’s statutory powers to reduce State expenditures to address the remaining budget shortfall and to achieve an ending fund balance for Fiscal Year 2010 of approximately $500 million as reflected in the Fiscal Year 2010 Appropriations Act.  See, “STATE FINANCES – New Jersey’s Budget and Appropriation System” herein.

            Cash flow for Fiscal Year 2010 will be impacted by the most recent projections of revenues and additional spending needs. Revised projections of cash flow for the duration of the Fiscal Year have not yet been developed.  Through the current date, and including the $700 million interfund borrowing to date, the State has had sufficient cash flow to meet all obligations.  The Executive Branch powers to reduce spending will be fully employed as part of the State’s cash flow management actions.

Transportation Trust Fund Authority

The Transportation Trust Fund Authority (the “TTFA”) provides a funding mechanism for transportation system improvements undertaken by the Department of Transportation and the New Jersey Transit Corporation.  See “OBLIGATIONS SUPPORTED BY STATE REVENUE SUBJECT TO ANNUAL APPROPRIATION – New Jersey Transportation Trust Fund Authority” herein.   Pursuant to the Transportation Trust Fund Authority Act, of 1984 as amended and supplemented from time to time, constituting N.J.S.A. 27B-1 et seq. (the “Act”), during any Fiscal Year in which the TTFA has outstanding bonds, the State Treasurer shall, to the extent appropriated by the State Legislature, credit to the Transportation Trust Fund Account various revenues.  The Act further provides that, subject to appropriations being made from time to time by the State Legislature for the purposes of the Act, the State Treasurer shall pay to the TTFA such monies.  These payment arrangements are set forth in a contract (the “State Contract”) entered into between the TTFA and the State Treasurer.

$895 million was appropriated to the TTFA for Fiscal Year 2010.  That amount includes $483 million from the Motor Fuels Tax, $200 million from the Petroleum Gross Receipts Tax, $200 million from the Sales Tax, and a contribution of $12 million from the State’s toll road authorities pursuant to agreements between such authorities and the TTFA.  Although the State Legislature has always provided appropriations to the TTFA in each Fiscal Year which exceeded the annual debt service on all of the TTFA’s outstanding indebtedness in such Fiscal Year, in several Fiscal Years those appropriations have been less than the minimum amounts specified in the State Contract for such Fiscal Year.

The $895 million appropriation is used to fund debt service on TTFA bonds and capital transportation projects on a pay-as-you-go basis.  In Fiscal Year 2010 net debt service is estimated to total $852.1 million, while the appropriation balance of $42.9 million is available for pay-as-you-go financing.   In Fiscal Year 2011, it is projected that substantially all appropriated funds that are currently provided to the TTFA will be needed to pay debt service on outstanding debt, further limiting the ability of the TTFA to fund transportation projects under the current appropriation level.   Additional sources of funding to support either debt issuances by the TTFA and/or funding on a pay-as-you-go basis will need to be the subject of future discussions between the Executive and Legislative branches of the State.

State Unemployment Compensation Fund

Due to deteriorating economic conditions, the State’s unemployment rate, which was 6.8% in December 2008, rose to 9.7% in November 2009, and most recently reached 10.1% in December 2009.   In Fiscal Year 2009, the Unemployment Compensation Fund (the “Fund”), which provides funding for unemployment benefits in the State, received approximately $1.8 billion in annual contributions from employers and workers while paying out approximately $3.3 billion in regular, annual state unemployment benefits (excluding benefits paid entirely by the federal government.)  As a result, the Fund has been depleted and the State as of January 20, 2010 has borrowed approximately $1.14 billion from the U.S. Department of Labor for cash advances to provide funding for unemployment insurance benefits.

The State expects to continue to borrow funds from the federal government as needed, which amount could be significant.  Repayment of these advances are solely the obligation of the Fund and are not obligations of the State’s General Fund.

Under current law, the unemployment tax rate imposed on employers during a Fiscal Year is determined by statutory formula based on the status of the Fund on March 31 of the preceding Fiscal Year in relation to total taxable wages.  Because the Fund is currently in deficit, the current law provides for an increase in the employer tax rate.  It is expected that the employer tax rate to be calculated for Fiscal Year 2011 will be significantly higher than the present rate, resulting in a total estimated increase of approximately $1 billion.  However, no change in the employee rate is anticipated.