Corzine may cut 3,000 jobs

From the NY Times:

Corzine Is Said to Weigh Cutting 3,000 Jobs and One Department

Faced with a worsening economy, Gov. Jon S. Corzine is considering reducing the state’s work force by 3,000 employees and closing at least one department in the administration as part of his plan to slash up to $2.5 billion from next year’s budget, people who have been briefed on his plans said on Tuesday.

State Senator Barbara Buono, a Democrat from Middlesex County and the chairwoman of the budget committee, said that Mr. Corzine — who will unveil his budget for the new fiscal year next Tuesday — was weighing eliminating the Department of Personnel and pushing for an early retirement package — not layoffs — to save tens of millions of dollars.

“We need to end this longstanding bureaucratic inertia where departments and agencies refuse to face up to wasteful spending practices and a lack of oversight,” Ms. Buono said. “I think we really need to change the mindset of how government operates.”

Administration officials, who spoke on the condition of anonymity because they were not authorized to talk about the plan, said that up to 3,000 workers could be affected, many of whom would presumably be older and have higher salaries. Some union leaders and lawmakers said, however, that they were wary of the governor’s plans.

“There will probably be reductions in staff,” Mr. Corzine said at a town hall meeting in Atlantic County two weeks ago.

When asked on Tuesday about the possibility of early retirement and the elimination of the Department of Personnel, Mr. Corzine’s press secretary, Lilo Stainton, said that while it was premature to discuss details of the budget, the governor “has made clear that it will include severe cuts, and all options are now being weighed.”

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5 Responses to Corzine may cut 3,000 jobs

  1. mark says:

    they could do 20k with no problem. they would never be missed.

  2. Confused In NJ says:

    80K would actually show significant improvement. Eliminate 20% of Police by eliminating Traffic Stops. Eliminate 20% of Teachers by restoring class sizes.

  3. Wendy says:

    Finally, they are doing the right thing.

  4. Mitchell says:

    Its a start but shows he might have half a brain. However he could cut 3,000 then put in for increases and hire all his relatives with state jobs. This scam has happened before.

  5. Nom Deplume says:

    I am a tax lawyer in NJ with some perspective on NJ taxation and the muni/state debt situation. It is not a pretty sight, and it is clearly going to get much, much worse in the next 10-15 years.

    That said, are the RE professionals starting to see that buyers are noticing this and either choosing to rent in NJ rather than buy, or demanding concessions in part because of the prospect of future tax hikes? I would consider buying but I don’t want to buy into NJ’s coming fiscal crisis, which will depress house values because a greater percentage of housing dollars will go to taxes.

    FWIW, One of my colleagues decided not to buy when his temp housing lease expires, but to remain in rental indefinitely. He gets the nice town, good schools, and doesn’t care about not having the deductions because those are lost to us anyway due to AMT and misc deduction phaseouts.

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