State Treasury Department Releases Incomplete Revenue Figures
The Christie Administration may have broken some of its own rules by not providing full information in its latest tax revenue report.
“This is the first time that any administration has put out a report of total cash collection during the month of July without distinguishing between the collections that are attributed to the old and new fiscal years,” Dr. David Rosen of the state Office Of Legislative Services explains to The Record in an email. “Without such a distinction it is not possible to analyze the data and for that reason OLS will not be producing a Revenue Snapshot at this time.”
Christie has criticized Rosen and the OLS’ revenue reports. In May, Christie said, “Nobody in New Jersey believes David Rosen anymore, nobody, and nobody should” when he said revenues were rising too slowly to hit projected targets. Christie blasted Rosen as the “The Dr. Kevorkian of the numbers.”
On his fist day in office in 2010 Christie signed an executive order requiring the Treasury Department to “publish quarterly reports on all State expenditures” because of what he called previous administration’s engaging in a practice
of disjointed financial reporting and inadequate fiscal
transparency that has contributed to the failure to recognize
the scope and severity of New Jersey’s financial condition.
The Treasury Department had no comment on The Record ‘s report.r
Senator Barbara Buono, Christie’s Democrat challenger in his election campaign, says the Trreasury Department needs to release “full report.” Buono, who was chair of the Senate’s Budget and Appropriations Committee during the Corzine administration said Christie has a terrible track record when it comes to fiscal management and transparency.”
Kevin McArdle contributed to this report