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5 Things To Know: Feb. 24-March 2


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congress5. Budget Bluff? It is perhaps appropriate that a week that starts with the budget, ends with the budget. If our politicians in Washington don’t reach a compromise by Friday, mandatory federal budget cuts kick in. According to NJSpotlight.com, the effects of sequestration, as the mandatory cuts are known, will be milder in New Jersey than in other states. New Jersey will see a 5.8% cut in federal grants, while the national average will be 6.6%. The impact on federal spending on salaries will be about be 2.7%, compared with 5.3% nationally. Still, with the economic recovery in New Jersey fragile and the state facing a $3 billion deficit, we need all the help we can get.

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Virginia Citrano
Virginia Citranohttps://myveronanj.com
Virginia Citrano grew up in Verona. She moved away to write and edit for The Wall Street Journal’s European edition, Institutional Investor, Crain’s New York Business and Forbes.com. Since returning to Verona, she has volunteered for school, civic and religious groups, served nine years on the Verona Environmental Commission and is now part of Sustainable Verona. She co-founded MyVeronaNJ in 2009. You can reach Virginia at [email protected].


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