Anarchy in the NJ

Um, anyone care to explain this to me? WTF is going on?

TRENTON, July 1 -- Unable to break a bitter impasse with the New Jersey Legislature on a new budget, Gov. Jon S. Corzine signed an executive order today that shut down the state’s government for the first time in its history.

The order began a process that over the next few days will see the state close its parks, beaches and, depending on the outcome of a court decision, possibly the 12 Atlantic City casinos.
The effects of the order were felt almost immediately. Department of Motor Vehicle operations were suspended when offices around the state closed at noon Saturday. Horse racing was called off. Road construction projects were halted.
And the New Jersey Lottery, which with $2 billion in annual sales is the fourth-largest source of revenue for the state after income, sales and corporate taxes, was ordered to stop selling tickets tonight.

There just isn't enough time in the day to do all the reading I'd like to do. Any area readers, please, chime in. This sounds rather major to my ears.