States enjoy surpluses as Garden State prepares for cuts, taxes -- Newsday.com

States enjoy surpluses as Garden State prepares for cuts, taxes -- Newsday.com: "As most states find themselves awash in millions of dollars in surplus tax revenue, New Jersey is among only 10 states across the country facing a projected budget deficit for the next year. It's also among only six states projected to have budget deficits for the next three years.

So, while most states invest in higher education, transportation, health care, public employee pension obligations and debt reduction, New Jersey is struggling with a $4.5 billion projected budget shortfall."