It was spending patterns of the state historically during 10...

It was spending patterns of the state historically during 10 years of unprecedented economic prosperity. States began simply to assume that economic growth was going to continue in perpetuity. So part of it was realigning state spending to be much more realistic, to understand the reality of the economic cycle. But here in the state of New Jersey, we confronted the realities of the national economy. Income tax revenues are down 13 percent,

Jim McGreevey Quote About Assume, Began, Confronted, Continue, Economic: It Was Spending Patterns Of...

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