It was spending patterns of the state historically during 10 years of unprecedented economic prosperity. States began simply to assume that economic growth was going to continue in perpetuity. So part of it was realigning state spending to be much more realistic, to understand the reality of the economic cycle. But here in the state of New Jersey, we confronted the realities of the national economy. Income tax revenues are down 13 percent,
Quotes about realigning (5 Quotes)
Having a combined Strategic Planning and Business Development function will give us greater ability to leverage our focused business strategies and capitalize on market opportunities. Tom's broader responsibilities will further enhance his team's effectiveness in identifying future strategic opportunities. Our record results for 2005 underline the significant progress we have made in realigning the division, streamlining processes and strengthening the business. These two appointments mark a very positive step in the development of Deutsche Asset Management.
We are strategically realigning our operations in response to global business realities, ... We are reducing costs.
It is wrong that we are closing and realigning bases while we are at war,
But the market and economic conditions we are facing require that we further reduce costs within the company, ... We are realigning our resources as necessary to improve our financial results, while continuing our commitment to serve our customers.