No New Ideas?

Today’s Courier Post claims Corzine’s speech outlined “few new ideas”. Actually, he is encouraging a few old bad ideas, such as deferring pension payments. It was bad news when Christie Whitman did it, and it is no better today.

In addition, the governor pushed for his legislative proposal that would allow towns to defer half their annual payment to the government-worker pension fund. The measure would save the towns $534 million this year but failed to win passage in the Senate in December.

Gloucester Township Mayor Cindy Rau-Hatton said she understands the deferral concept. But it doesn’t amount to true tax relief, she said.

“It’s just going to push it off to another year,” Rau-Hatton said.

Likewise, in Cherry Hill, mayoral spokesman Dan Keashen said the deferral would “not remove the burden or expense on municipalities.”

“In fact, it will exacerbate that burden,” said Keashen, who speaks for Cherry Hill Mayor Bernie Platt.

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