Transition
In 2008, in the face of a proposed 35 percent cut in funding, NJN officials asked the state legislature for permission to become an independent nonprofit entity. Under this proposal, the state network would likely be transferred to its nonprofit fundraising arm, the NJN Foundation. Two consultants looking into fundraising options say that breaking off from the state would trigger an avalanche of private funding.
After assuming the office of New Jersey Governor in 2010, Chris Christie voiced his support for transforming NJN into a not-for-profit organization in his March 2010 budget speech. On October 15, 2010, a bipartisan legislative task force called for a "dramatic reconfiguration" of the state network, but not full privatization. Christie nonetheless moved forward with plans to remove state funding. On November 17 NJN handed layoff notices to 130 workers, leading to speculation that the state network would shut down on January 1, 2011, when funding from the state would end. On December 17, 2010, Gov. Christie signed legislation for transferring the state network to independent funding. The legislation also suspended layoffs.
Read more about this topic: New Jersey Network
Famous quotes containing the word transition:
“A transition from an author’s books to his conversation, is too often like an entrance into a large city, after a distant prospect. Remotely, we see nothing but spires of temples, and turrets of palaces, and imagine it the residence of splendor, grandeur, and magnificence; but, when we have passed the gates, we find it perplexed with narrow passages, disgraced with despicable cottages, embarrassed with obstructions, and clouded with smoke.”
—Samuel Johnson (1709–1784)
“Power ceases in the instant of repose; it resides in the moment of transition from a past to a new state, in the shooting of the gulf, in the darting to an aim.”
—Ralph Waldo Emerson (1803–1882)
“The god or hero of the sculptor is always represented in a transition from that which is representable to the senses, to that which is not.”
—Ralph Waldo Emerson (1803–1882)