Four northern New Jersey towns face the loss of $29 million of combined revenue as some of the world’s largest pharmaceutical companies depart, complicating Republican Governor Chris Christie’s drive to boost business and cut the highest U.S. property taxes.
Governor Chris Christie, a Republican who has spent the past four months promising New Jersey income- tax cuts, now confronts the challenge of selling his plan’s feasibility against a backdrop of continuing revenue shortfalls.
Governor Chris Christie’s budget plans took another blow from the revenue side as payments from New Jersey utilities trailed the Republican’s projections by $121 million, according to an Assembly Democrat.
Hurricane Irene killed at least 40 people as it moved from the Caribbean through New England, left an estimated $2.6 billion in damage and cut power to almost 8 million homes and businesses along the U.S. East Coast.
Hurricane Irene killed at least 18 people from Puerto Rico to Connecticut, caused an estimated $3 billion in damage and cut electric power to more than 4 million homes and businesses across the eastern U.S.