More Bad News for NJ’s Revenues
The latest revenue outlook for New Jersey indicates that the governor’s revenue projections could be off by more than a half-billion dollars at the end of the next fiscal year.
The Office of Legislative Services projects the state will take in $637 million less than Gov. Chris Christie estimates in his budget for the fiscal year that starts July 1.
Legislative budget officer David Rosen will present the revised forecast to lawmakers on the Assembly Budget Committee on Thursday.
The Associated Press obtained a copy of the report in advance of its release.
The Assembly panel will also hear from Treasurer Andrew Eristoff as it considers Christie’s $32.9 billion spending plan for the upcoming year.
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