Monday’s deadline for putting a constitutional amendment on the November ballot passed without Assembly action on a plan to start 'consensus forecasting.'
New Jersey's revenue collection for September are up 7 percent compared with 2014 and the state's year-to-date receipts have risen nearly 5 percent from the same period in the last fiscal year.
State revenues are on pace to exceed expectations, and Gov. Chris Christie's administration will put the cash toward New Jersey's public pensions, his top treasury official said Wednesday.
For the past several years revenue projections presented by Gov. Chris Christie and by the non-partisan Office of Legislative Services have missed the mark which has led to finger pointing by Christie and many members of the Legislature. Now, a measure being pushed by Assembly Budget Committee Chairman Gary Schaer (D-Passaic) could bring an end to revenue disputes.
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.
A bill sponsored by State Senator Jeff Van Drew to reduce the number of vehicles in state government by 10% each fiscal year for five consecutive years stalled yesterday in the Senate Government, Wagering, Tourism and Historic Preservation Committee.