Comment: Newark, NJ is broke, so where is this money coming from?

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SteveMT's picture

Newark, NJ is broke, so where is this money coming from?

October 02, 2012

New Jersey Governor Chris Christie said his administration will order spending cuts in Newark as the state’s largest city starts its 10th month without a budget.

This year’s budget had a projected $75 million gap that was reduced to $25 million partly as a result of a tax-lien sale, fines related to red-light traffic cameras and sales of taxi medallions, according to the aid request.
http://www.businessweek.com/news/2012-10-02/new-jersey-to-or...