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N.J. facing ‘fiscal disaster’ that’s just weeks away from coronavirus pandemic, Murphy says
NJ.com ^ | 5/4/2020 | Matt Arco

Posted on 05/04/2020 6:32:26 PM PDT by usafa92

New Jersey is facing a financial disaster due to loss in revenue and spike in expenses related to the coronavirus outbreak that could be just weeks away, Gov. Phil Murphy said Monday.

“Right now, it’s pouring,” Murphy said, shortly after announcing he was ordering all public and private schools closed for the rest of the academic year. “We are on the brink of having to make very tough and, quite frankly, very unpalatable decisions."

Murphy has previously warned of “historic” public worker layoffs without federal assistance.

Murphy rescinded an executive order Monday from last year tasking the state treasurer to achieve a $1.26 billion surplus and said he plans to veto “numerous” bills to appropriate money to certain causes and programs.

The governor called on Congress to provide financial relief to the Garden State.

“A fiscal disaster is not months away — these decisions will be on our doorstep in just a few weeks,” Murphy said. “Congress needs to act, and act now.”

At a meeting with President Trump last week, Murphy said the hit to New Jersey by the coronavirus could be $20 billion to $30 billion, and federal aid was needed to make up for the losses.

“We don’t see it as a bailout," Murphy said at the meeting. "We see this as a partnership doing the right thing in what is the worst health care crisis in the history of our nation. And I want to again thank the president for an extraordinary spirit of partnership across the whole spectrum of our needs.”

Trump didn’t say whether he would support Murphy’s request, though he did say, “You can’t have a better representative than this man.”

(Excerpt) Read more at nj.com ...


TOPICS: Government; News/Current Events; Politics/Elections
KEYWORDS: bailout; murphy; newjersey; nj
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To: usafa92

Lose some weight, get off your ass, cut spending, reduce taxes, and give freedom back to everyone in the state. How hard is that fatso?


21 posted on 05/04/2020 7:02:10 PM PDT by Fungi
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To: usafa92

“Murphy has previously warned of “historic” public worker layoffs without federal assistance.”

why is Murphey waiting? just do it, most are unnecessary, they should already be off work all these weeks.


22 posted on 05/04/2020 7:03:35 PM PDT by b4me (God Bless the USA)
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To: usafa92

Shoulda kept your state open.

Don’t feel sorry for you Phil.

I feel sorry for the people of New Jersey, though.


23 posted on 05/04/2020 7:03:45 PM PDT by moviefan8
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To: usafa92

Does it I clude pension payments?


24 posted on 05/04/2020 7:05:39 PM PDT by Rusty0604 (2020 four more years!)
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To: usafa92
“A fiscal disaster is not months away — these decisions will be on our doorstep in just a few weeks,” Murphy said

Whatever fiscal disaster materializes in a few weeks in NJ, will only be worse in several years, so it's time to feel the pain of the irresponsible decisions of your politicians.
25 posted on 05/04/2020 7:05:55 PM PDT by krogers58
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To: pacificus

No reason for police, firefighters, and teachers to be laid off. They’re mostly paid by local property taxes. I’m sure the state has a lot of fat that can be cut.


26 posted on 05/04/2020 7:06:45 PM PDT by captain_dave
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To: usafa92
Murphy has previously warned of “historic” public worker layoffs without federal assistance.

The guy would be terrible at poker.

27 posted on 05/04/2020 7:09:08 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith.....)
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To: usafa92

This the same gov who took shots at Trump? Good luck. Adjust your spending. Clown


28 posted on 05/04/2020 7:12:07 PM PDT by stuck_in_new_orleans
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To: usafa92

Just let me sell my place in NJ... closing in weeks... I want out!


29 posted on 05/04/2020 7:16:20 PM PDT by Bon mots
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To: usafa92

Hey, New Jersey....

Well, Bye!


30 posted on 05/04/2020 7:35:42 PM PDT by nevermorelenore ( If My people will pray ....)
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To: nevermorelenore

been waiting for this- Hey Jersey, I got yer bailout right here......


31 posted on 05/04/2020 8:00:58 PM PDT by slapshot ( Speaker Ryan was a sober and less tan version of John Boehner)
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To: usafa92

Red State America to New Jersey: Drop Dead.


32 posted on 05/04/2020 8:04:52 PM PDT by FLT-bird
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To: usafa92

No bailouts for blue states. They shouldn’t be asking taxpayers from responsible states for handouts.


33 posted on 05/04/2020 8:29:58 PM PDT by Kazan
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To: Kazan
No bailouts for blue states.

Right. Who isn't for tons of layoffs from states when unemployment is already double digits.

If the states don't get aid you can kiss your economic recovery in the next year goodbye.

People who think Trump will let that happen aren't paying attention.

34 posted on 05/04/2020 8:43:00 PM PDT by semimojo
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To: usafa92

I think we should just force all states to adjust their budgets or face default.

It’s the right thing to do.


35 posted on 05/04/2020 8:57:08 PM PDT by Mariner (War Criminal #18)
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To: usafa92

He created the disaster. Now he wants federal funds to bail him out. No dice, governor.


36 posted on 05/04/2020 9:07:46 PM PDT by Antoninus (The press has lost the ability to persuade. They retain the ability to foment a panic.)
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To: usafa92
trump has little choice....

btw, wasn't the Spanish flu the worse health crisis?....

37 posted on 05/04/2020 9:10:20 PM PDT by cherry
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To: Mariner
I think we should just force all states to adjust their budgets or face default.

Sounds good unless you want some semblance of an economic recovery in an election year.

38 posted on 05/04/2020 9:10:49 PM PDT by semimojo
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To: usafa92
and that'll be the day when public sector workers actually get laid off...ha!

notice how when its teachers or other public workers we get buckets of tears but the lonely small businessman, or the private industry dude get NOTHING at all....

39 posted on 05/04/2020 9:11:48 PM PDT by cherry
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To: usafa92

“JEROME POWELL, PLEASE PICK UP THE WHITE COURTESY PHONE....JEROME POWELL.....”


40 posted on 05/04/2020 9:13:08 PM PDT by bkopto
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