State Treasurer Andrew Sidamon-Eristoff will have no choice but to testify before the Assembly Budget Committee if the full Assembly approves a new measure passed by the panel yesterday.
If you want to know what kind of impact the federal Sandy relief aid will have on New Jersey, it makes sense to ask State Treasurer Andrew Sidamon-Eristoff, right? That's what Assembly Budget Committee chairman Vinnie Prieto thought so he invited the Treasurer to testify before his committee yesterday, but Sidamon-Eristoff was no-show.
It's easy to get lost in the maze of politics and number-crunching when you hear about a budget deficit, but if New Jersey really is a quarter-billion-dollars in the red for the Fiscal Year that ended June 30 it could affect your wallet.
Revenue collection for Fiscal Year (FY) 2012 missed Governor Chris Christie's targets by more than a quarter-billion dollars according to the non-partisan research arm of the legislature.
Today, the top budget analyst is telling the budget committee that NJ as raked in only half of the $1 billion in revenue growth Governor Chris Christie is anticipating for this fiscal year.Christie wasted no time in blasting the budget expert calling him, “The Dr. Kervorkian of the numbers.”
Yesterday, the State Senate Budget Committee got the latest state revenue projections. The non-partisan Office of Legislative Services (OLS) briefed the panel during the morning's session.