Media Advisory: Senate Budget Panel To Hear Budget Overview On Monday

TRENTON – The Senate Budget and Appropriations Committee is scheduled to take testimony from qualified economists, the Office of Legislative Services (OLS) and the State Treasurer on Monday, April 10 at 10:00 A.M. in Committee Room 4, regarding New Jersey’s economic forecast, projected revenues and the FY 2007 Budget.

“These proceedings usually mark the beginning of the Legislative involvement in the Budget,” said Senator Wayne R. Bryant, D-Camden and Gloucester, the Chair of the Senate Budget Committee. “We’ve heard residents’ concerns in forums across the State, and we’ve studied and scrutinized the numbers. Now we’re ready to roll up our sleeves, and delve into the mechanics of this year’s budget.”

The panel will hear from economists Joseph Seneca and James Hughes from Rutgers University at 10:00 A.M., will receive a budget overview and revenue forecasts from OLS at 11:00 A.M., and will take testimony from State Treasurer Brad Abelow at 1:00 P.M. The day’s schedule is subject to change, should the question and answer period with the Committee take longer than expected.

“This year’s budget is reflective of the State’s harsh fiscal realities, but I remain optimistic that we will be able to provide a budget at the end of the day that protects New Jersey’s working families from the worst of it,” said Senator Bryant. “Our priorities this year will be restoring fiscal sanity to the State of New Jersey and providing the services our working families, students and most vulnerable populations have come to depend on.”

Interested residents are welcome to attend the proceedings, but testimony is limited to invited speakers only. The proceedings will also be televised by NJN, and will be available through streaming video provided on NJN’s homepage: www.njn.net.

WHAT: Senate Budget and Appropriations Committee hearing on FY 2007 Budget

WHO: Senate Budget Committee, economists Joseph Seneca and James Hughes, representatives from OLS, and State Treasurer Brad Abelow

WHEN: Monday, April 10 at 10:00 A.M.

WHERE: Committee Room 4, Statehouse Annex, Trenton