New Jersey Budget the State of New Reaction Paper
- Length: 5 pages
- Sources: 3
- Subject: Economics
- Type: Reaction Paper
- Paper: #89212979
Excerpt from Reaction Paper :
New Jersey Budget
The state of New Jersey's 2013 budget, when analyzed in certain ways, creates many different reactions and relationships. The document itself is composed of many documents of smaller scope and lesser importance. A fragmented and divided budget, as presented by the state of New Jersey's government, while possibly confusing some of its readers, will also enlighten those who can look between the lines and find a picture of the many different figures and numbers. Accountants and those associated with creating budgets require great analytical and precise intellectual capabilities, however, the great thinkers in this field additionally have the abilities to cipher through this information and present a logical and cohesive argument that supports the data and relates it and reveals it to its intended audience.
The purpose of this essay is to analyze New Jersey's 2013 yearly budget. In order to successfully accomplish this task, it is necessary to define the word budget and also examine how the budget affects the individual, and the larger and more complex unit of the state of New Jersey itself.
Budgets especially from large organizations may contain overwhelming amounts of detail and minutia. It is therefore important for those who need to understand this document to discern certain information and where to find it. In order to grasp the totality of this document, it is important to think at a Different level. Millions of dollars are spent on a daily basis throughout the state of New Jersey and the tracking and effects of each one of these dollars spent is most likely impossible. It is therefore necessary for the government to create a palpable form of communication to relay the fiscal information to not only its citizens, but also others within the government hierarchies of the state.
Budgets in and of themselves are useless unless there is an appropriate action plan accompanying the proposal. Remembering that budgets are nothing but proposals, they are not written in stone and are used as guidelines to help direct energy and information to the correct places within the state. Understanding this flexible and mutable relationship between a budget proposal and the actual reality of the situation resulting from its publishing is critical for all those wishing to understand accounting and the tracking of funds and money within a large organization.
What exactly is the budget? Is it the paper that the proposals are recorded on? Budgets, to me, are cohesive plans of action that transcend materialism, and when successful, reach to people at a mental and analytical level. What is preventing people from deviating from a proposed budget? While certain laws prevent abuse of spending and other mistakes what exactly is enough? These questions seem to be unanswerable; however experimenting in investigating with present situations will no doubt help shed light on the usefulness and utility of such a practice especially in organizations as complex and critical as the state of New Jersey.
The budget is open for examination in digital form on the state of New Jersey's website specifically in the Department of treasury. It is important to note that this is just the written form of the budget and merely a proposal. The budget itself is a task and a process that is ever changing ever evolving. This however is our map to the adventure of understanding and eventually using this information to help predict new scenarios and maintain older ones that are still beneficial to the general populace.
2013 New Jersey state budget seems to be a highly political piece of information. In the state of New Jersey the budget comes from the supervision of the governor, and the governor Chris Christie has seemingly placed his individual attitudes to route this document. The budget appears to be framed in an apologetic manner. Gov. Christie immediately begins by making excuses for the failures of the previous year, "When I first entered office in 2010, New Jersey was in the most trying fiscal times in recent history " (p.2). This overall tone of this document seems more of a persuasive argument then an objective plan or of monetary policy. This should be no surprise however. To predict the economic climate of the future is nearly impossible. Politicians have not discovered useful tools of divination for this purpose, so an entertaining and deceitful approach in presenting this information almost mandates this behavior.
The terminology itself in this budget leaves a lot of room for error. Almost all of the graphs used within this budget are defined in billions of dollars. $1 billion to the average taxpayer is almost an abstract number. The state of New Jersey $7.95 billion compared to $7.94 billion may not seem a lot, but to every resident New Jersey this is a small fortune in difference. Understanding the scope and magnitude of this budget helps interpret it in its appropriate manner.
Using this budget to its full extent some questions need to be answered. But the average citizen, or the average worker within government knows or understands how much money it really takes to educate a child? What is the appropriate amount politicians and government workers should be paid? Do we really need all the services of the signatures you provide? How much of the free market and free enterprise does the state of New Jersey need to eliminate or successfully maneuver throughout the year? These questions have no real answer. It is only when the subjective aspect is taken and applied with the objective information within the budget and argument and therefore action may be executed. Too much emphasis on actual numbers in the budget will therefore lead to a myopic and fragmented view of the actual health of New Jersey.
Political infighting should be expected after publishing any budget, New Jersey is no exception. One of the most controversial aspects of this particular budget is in the merger of Rutgers University and parts of the state University of Medicine and Dentistry. Here we see forceful action being dictated by a budgetary discretion. The power of a budget therefore lies not within its actual presentation of the numbers, but it is hard to convince others that actions are correct with monetary facts used as demonstratable proof. Political action should be expected, for the budget as a political tool is useful in controlling and maintaining order within the government and the general populace itself.
Section IV of the proposed budget, further lays out specific actions for the people with an "agenda for every New Jerseyan." This agenda claims that "Governor Christie has committed to delivering tax relief, increasing education funding for schools, and protecting funding and services for the most vulnerable New Jerseyans. These are the guiding principles of his fiscal year 2013 budget proposal " (p. 27). The summary of tasks governor were supposed to its populace is based upon the numerical information is store within the budget itself. To me, this leaves very little usefulness for the average citizen. Government agendas should be skeptically evaluated and experimentally tested when possible, but within a budget proposal this task does not seem feasible nor desirable.
So does a state budget proposition contain any use? Of course. The simple act of calculating and establishing numerical relationships between different aspects of the environment within New Jersey no doubts help shed light and understanding to what is actually going on. While the abstract numbers presented with in the document has little value for those outside the realm of special understanding, it does produce at least some sort of evidence that effort is being made to make sense of a very complex situation. It is up to the individual's interpretation to whether this budget and its political tones how much this piece of legislation will impact oneself. This is the essence of budgeting and the…