nj budget

Yesterday, Governor Chris Christie announced that New Jersey grew 17,600 jobs in May, 25% of all the jobs created in America.

We should have a much better idea today if you can expect a tax cut this year.

With time running out before Governor Christie must reach a deal with Democrats on a state budget, the governor said he won't sign one that doesn't include some form of a tax cut.

There are still three competing tax cut plans in Trenton and some sort of deal has to be worked out soon if a one of them is to be included in the State Budget.

The constitutional deadline for a signed and balanced budget in New Jersey is midnight June 30th. Check a calendar.

The deadline for a signed and balanced state budget in New Jersey is midnight June 30th. Suspense regarding competing tax cut plans to be factored into the budget may be lifting as today, Governor Chris Christie all but confirmed to a group of seniors at an AARP conference that he supports the tax cut plan being put forth by State Senate President Steve Sweeney.

On the national stage, Republican Governor Christie loves to regale audiences with stories of how he gets things done for the State of New Jersey by working with Democrats and the crowds all but swoon every time he weaves that narrative.

Since taking office, Governor Chris Christie has railed against past Governors for using one-time revenue streams, known as one-shots to balance State Budgets.

"There won't be a state shutdown this year." "Do you think there will be a shutdown?" "There's no way there will be a shutdown." "I think we might be headed toward a shutdown."

On Wednesday, Dr. David Rosen with the Office of Legislative Services (OLS) estimated that over the next 14 months state revenues will lag $1.3 billion behind Christie's projections. Governor Chris Christie expects the budget gap to be about $676 million.