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As for extending or improving benefits, he said, "the Legislature always has options above and beyond the fund balances".
"We've been balancing our budgets on fund balances, fund transfers, in some cases accounting changes and other temporary sources.
To shore up the system, states could be required to improve experience rating and maintain adequate trust fund balances.
"This is in light of the fund balances that just in the last 48 hours have come to light," Mr. Blanchard said Friday.
What is a poor economist to do when you can't privatize, you don't like deficits, taxes or Social Security trust fund balances?
The time limit has hampered the towns' ability to borrow money against the community preservation fund balances for larger land purchases, he said.
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"Using that fund balance," Councilman Rivenbark said, "is like paying your rent with a credit card.
"Barring unforeseen circumstances," Ms. Bair said, the federal deposit insurance fund "balance at June 30 should turn positive, after seven quarters in the red".
In the report, New Jersey's unemployment trust fund balance was estimated at about $792.9 million, with a monthly benefit payout of $177 million.
When he left in 1985, Mr. Frommert said, Xerox required him to withdraw the pension fund balance -- then about $140,000 -- that he had accumulated since 1960.
In September, the shrinking general fund balance forced Gov. David A. Paterson to delay a billion-dollar payment into the state's pension system.
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