Schaer Concerned About 2014 Budget

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Assemblyman Gary Schaer has expressed public concern about New Jersey’s 2014 Budget. Schaer is an activist public statesman who serves as the Chairman of the Financial Institutions and Insurance Committee, Vice-Chair of the Budget Committee and, as a member of the Committee on Women and Children. Representing the people of the 36th Legislative District, which encompasses South Bergen and the City of Passaic, his position has been one of supporting vulnerable citizens in need, especially children with Autism, while still employing fiscal restraint.

As a committed public servant, Schaer was elected to the State Legislature on November 8, 2005 and has never looked back. He maintains a strong relationship with his constituents because he is available and empathizes with their needs. The Assemblyman was one of the first to respond to the victims of Hurricane Sandy, and has been vocal about the impact that the Governor’s 2014 Budget will have on the lives of working class citizens.

In essence, the Assembly Budget Committee Vice-Chairman has expressed continued concern about what he sees as a $426 million gap in projected revenues between the approved 2014 budget and the much lower revenue estimates predicted by David Rosen, who serves as the chief budget officer for the Office of Legislative Services, a non-partisan public entity. Overall, legislators differ with the Governor’s projected revenues by as much as 700 million dollars.

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Schaer, who voted against the Budget, points out that the budget surplus provision is grossly inadequate, and provides little protection “against revenue shortfalls” and “as protection against unforeseen events like major hurricanes…”.

Schaer also suggests that, as a state government, New Jersey requires our municipalities and counties to set aside a reasonable surplus. Therefore, he points out, “Why should we not follow the same rules with the state budget?”

 

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