STATE ASSEMBLY TO HEAR TALK ABOUT BIG BUDGET GAP

120px-Seal_of_New_Jersey_svgNew Jersey may be another $10.5 billion in the hole next year.  The Assembly Budget Committee will meet this Thursday and is expected to hear testimony about a big budget deficit that is very possible in 2011.  Some lawmakers believe the state could be facing a $10.5 billion debt next year.  Democrats in New Jersey say the debt is real; Governor Chris Christie, who’s on a two-week vacation, says some pension fund payments may not be met.  The committee will meet Thursday morning.

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