the end of the fiscal year on June 30. In Decem-
Deals around the state
Photos by Tim Larsen / Office of the Governor
ber, Gov. Jon S. Corzine had announced plans
to cut $840 million from the budget.
Rosen said there is a large “structural defi- ■ The Great Atlantic & Paciﬁc Tea Co.
cit” that will affect the next budget year, which Inc., in Montvale, said it appointed for-
begins July 1. He said revenue declines and mer Borders Group Inc. chief executive,
rising pension obligations, school aid require- Ron Marshall, as its CeO, effective Feb. 8.
ments, and tax rebates amount to between $8
billion and $10 billion. ■ Digital media products maker Maxell
“The precise number really doesn’t mat- Corp. of America, in Fair Lawn, said it will
ter — the magnitude of it is significant,” Rosen relocate its u.s. headquarters to Garret
told the Assembly Budget Committee on Jan. Mountain Plaza, in woodland Park.
25. – Andrew Kitchenman
■ Honeywell International, in Morris
Gov. Chris Christie
announces the latest Clifton developer oﬀering township, said it signed an agreement
with Italy’s CFP Flexible Packaging to
nominees for cabinet
appointments earlier this
apartment deals for soldiers distribute Honeywell Capran packag-
ing films in europe.
week at the Statehouse.
Value Cos., a Clifton-based residential real es-
tate developer, last week launched its Military ■Medical billing service provider Advant-
Apartment Program, which offers active mili- Edge Healthcare Solutions, in warren,
tary personnel or veterans returning from Iraq said it acquired Medical Account Servic-
and Afghanistan 20 percent off monthly rental es, of Dayton, Ohio. – João-Pierre S. Ruth
Christie builds more prosecutors into his cabinet rates at apartment communities in New Jersey,
New York, Pennsylvania and Texas.
while Gov. Chris Christie has drawn on private-sector
experience in his cabinet, he turned to former prosecutors
Several of Value’s rental properties are
situated in proximity to military bases in New
N.J. stockbroker pleads guilty
in his latest rounds of nominees last week. Jersey, the company said. These include The to misusing a client’s funds
Christie tapped former furniture shop owner and cur- Gateways at Randolph, which is seven miles
rent bank director Hal Wirths to be commissioner of labor. from Picatinny Arsenal and has one- and two- A stockbroker in the Basking Ridge section of
wirths also is a sussex County freeholder. bedroom apartments ranging from $995 to Bernards who invested more than $250,000 of a
the former prosecutors include Lee Solomon, a $1,865. Another community, Creek Village, in client’s money with himself, then tried to cover
current state superior Court judge and former deputy u.s. Levittown, Pa., is 25 miles from the megabase his tracks with a false account statement, pleaded
attorney, nominated as Board of Public utilities president; comprising Fort Dix, McGuire Air Force Base guilty to a criminal charge of mail fraud, U.S. At-
Marc Larkins, currently assistant u.s. attorney, nominated and Naval Air Engineering Station Lakehurst, torney Paul J. Fishman announced.
as executive director of the new Jersey school Develop- and has monthly rents from $775. James Patten, 50, admitted that in 2004
ment authority; and Lori Grifa, a former assistant district No timeline has been set for the program a client gave him about $538,000 to place in
attorney in Brooklyn and Manhattan who has been tapped to end, the company said. – Evelyn Lee “conservative investments” like T