Stimulus Package Offers Billions for New Jersey

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Thumbnail image for skyway_picture.jpgThe Pulaski Skyway and New Jersey transit lines are two of the possible recipients of money coming into the state via President Obama's new stimulus package. About $624 million will go toward highway infrastructure in the state, while $524 million will head toward transit projects.
 
Of the estimated $4.3 billion to be allotted to New Jersey, Senator Robert Menendez says that forty-five percent of the money in the stimulus package comes in the form of tax cuts. According to Senator Menendez, the "Make Work Pay" tax cut will put $400 back into the hands of individual taxpayers, $800 into the hands of married couples and adjustments to the Alternative Minimum Tax in the package will save 1.74 million New Jersey residents up to $5,600 each in taxes. "New Jersey is going to do exceptionally well," Senator Menendez enthusiastically declared.
More than $6 billion from the stimulus package, according to a study of the massive spending plan done by the National Conference of State Legislatures and the National Governors Association, will go heavily towards Medicaid, while additional  educational and infrastructure programs are due to benefit significantly.
 
As more information becomes available, check out the White House Recovery Act website.

11 Comments

Right On!!!! Did anyone ever determine what the Borough saved by not replacing those two officers. Was it the typical penny-wise dollar foolish mentality? Metuchen has a way of following that practice all to often.

Gov Jindal? Isnt he the guy who participated in an exorcism?

Haha

The power of Christ compells you!

Well, if we don't get the grant money, I still have my sign from the last time they didn't want to replace cops that left or retired.

Oh, yeah, it's true. LA Gov Jindal's been on all the talk shows blathering on about how accepting the money is hypocritical. So he's only taking 5.7 billion of the 5.8 billion offered. Now that's standing up for your principles!

Read that grant money will be available for hiring police. Program is called Cops Hiring Recovery Program. This is part of the stimulus bill that was recently passed. More information can be located on the US Dept. of Justice Website or Recovery.GOV Up to 1 billion dollars for filling vacancies,or rehiring laid off police officers. Approximately 5,500 police officers nationwide to be hired. This was a commitment by President Obama. CHRP

States going to reject the money? Please, thats just the political "show"


I am divided on reports that some states are planning on rejecting some stimulus money from the federal govt.

Yes, we need the money, but will it keep us from cutting things that need to be cut?

It's too bad that the current train tunnel plan is not the one that was originally proposed some years ago, but is a new plan that does not provide an additional tunnel into the existing portion of Penn Station.

Thank you Jana.

Watch as the money filters into the state to see how it trickles down to local areas. Keep an eye on recovery.gov to see when the monies are released and to what programs. In the meantime, we will be following up with Senator Buono and others to find out how these funds will affect us most directly.

How about local municipalities? Property taxes, school taxes, anything for police and fire. Will towns be able to avoid layoffs,or service reductions.

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Recent Comments

  • Anonymous: Right On!!!! Did anyone ever determine what the Borough saved read more
  • Anonymous: Gov Jindal? Isnt he the guy who participated in an read more
  • Anonymous: Well, if we don't get the grant money, I still read more
  • Anonymous: Oh, yeah, it's true. LA Gov Jindal's been on all read more
  • Anonymous: Read that grant money will be available for hiring police. read more
  • Anonymous: States going to reject the money? Please, thats just the read more
  • Anonymous: I am divided on reports that some states are planning read more
  • Anonymous: It's too bad that the current train tunnel plan is read more
  • Anonymous: Thank you Jana. read more
  • Jana Siciliano: Watch as the money filters into the state to see read more

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