ATLANTIC CITY – Gov. Jon Corzine announced a plan to help municipalities facing a short-term budget crunch at last week’s New Jersey League of Municipalities conference. Counties and municipalities would be able to defer half of next April’s payment into the employee pension system.
Corzine said the deferral would only be temporary, and full funding would be required by 2012.
“By taking this unusual, but necessary step, my intent is to help our municipalities get through this recessionary period and, at the same time, dramatically reduce the pressure on property taxes,” the governor said.



