06 July 2006
The Price of Deadlock
Colorado has fortunately avoided budget deadlock for quite some time. New Jersey is not so lucky. When politicians fail to agree on budgets, governments cease to function. For example, every casino in Atlantic City is currently closed because government inspectors are out of action. Particularly problematic is the fact that New Jersey has given away so many economic development tax breaks that it no longer has easy sources to turn to for revenue.