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Corzine to cite fiscal woes to local municipal officials -- plans to hiking hiking highway tolls
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Corzine to cite fiscal woes to local officials
Nov. 15 TRENTON, N.J. (AP) New Jersey Governor Jon Corzine will talk state financial woes with municipal officials. Corzine is to speak Thursday to a League of Municipalities convention in Atlantic City. He's expected to cite fiscal problems that have left the state with mounting debt and annual budget deficits. Corzine has been mulling plans to solve those problems by hiking highway tolls. Lawmakers have been saying that Corzine's plan could be worth about $15 billion. The Star-Ledger of Newark reports it could bring in $16 billion. Corzine refuses to say how much tolls may go up, but a Wall Street finance lawyer estimates Corzine would have to boost tolls 150 percent to get $15 billion. (? 2007 The Associated Press. All Rights Reserved. In the interest of timeliness, this story is fed directly from the Associated Press newswire and may contain occasional typographical errors. )
Posted on: 2007/11/15 17:31
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