The following article will appear in the Oct. 15 editon of School Board Notes online:
Governor’s Special Address The media spotlight will fall on Governor Corzine Thursday, Oct. 16, as he delivers a major economic address to a special joint session of the state Legislature. Faced with a stock market that lost one-fifth of its value within a period of six days and is now on a roller-coaster ride, the failure of several major financial institutions, record mortgage defaults nationwide, a lock on credit–and the fact that New Jersey is highly reliant on tax revenue generated through the financial services industry–the day’s focus is exactly where it should be.
State revenue projections will directly affect the governor’s proposed 2009-2010 state budget, which will include his recommendations for state aid to public education.
Newspaper accounts indicate that the governor will present a comprehensive economic emergency plan that will include public works projects (including existing plans for school construction), incentives for businesses and help for homeowners who might otherwise lose their property.
In spite of the importance of the governor’s speech, NJSBA lobbyists on Thursday will still have to (more…)