New Jersey’s state economist leaving in August
TRENTON, N.J. (AP) -- New Jersey's chief economist is leaving his job next month to take a position as a resident scholar at Ramapo College.
The state treasurer's office says Charles Steindel told other officials in April that he would be leaving the job.
He came to work for the state in November 2010 in a position newly created by Gov. Chris Christie's administration.
Part of the job involves doing economic forecasting that is used to create revenue projections for the state budget. In each of the last three years, the state's income has fallen short of those expectations.
Steindel was previously a senior vice president at the Federal Reserve Bank of New York.
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