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South Jersey Budgets take a Hit

Our counties across America are experiencing budget shortfalls. I knew this seemed like something I had heard when I read a recent post by Lenn Harley. So to verify, here is a local post from South Jersey's Courier Post about South Jersey's own shortfalls.

Here are the current estimates ...

In Camden County, the budget gap is about $5 million
In Gloucester County, the gap is about $4 to 4.5 million
In Burlington County, the gap is about $3 million

Unnecessary Expenditures

Thankfully, each county seems to have a plan to curb spending, such as cutting overtime for workers and cutting what some officials consider "unnecessary expenditures". Of course the question begs to be asked ... If they are "unnecessary expenditures" then why are they there anyway???

The common theme to the budget shortfalls is real estate related. Let us hope their optimistic outlook and budget cuts are realistic and helpful.

Steve Kappre - Treasury Mortgage - 856-419-3561 - www.stevekappre.com

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Posted by Steve Kappre, Gloucester County, NJ Loan Officer/Mortgage Planner - 856.419.3561 on 11/17/2008 07:11 AM

Comments (4)

South Jersey Budgets in the Regional (Localism) Channel

south jersey, gloucester, salem, camden, budget

This post has been included in New Jersey Information
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Post is included in group: Gloucester County, NJ Real Estate
Post is included in group: New Jersey & Pennsylvania -- Realtors/Loan Officers/Title Clerks/Real Estate Lawyers
Post is included in group: Realtors®

4 Comments on South Jersey Budgets take a Hit

NOV

If they are "unnecessary expenditures" then why are they there anyway???

Don't you just love that????

Thinks of California with a $24,000,000,000 short fall. They want to tap the national treasury. I think they should tap the oil under their coastal waters.

Lenn - I couldn't agree with you more. Everyone wants a freebie.

I love "unnecessary expenditures." It just proves that the worst thing you can give a politician is money.

NOV

Steve, one particularly troubling shortfall that can be directly related to the drop in home sales is the funding of legal services. That group, here in NJ, is funded by the interest on attorney trust accounts, so you can imagine how much they've lost. Legal services provides needed legal assistance to the poor and indigent in NJ.

Laura G

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