New Jersey’s revenue fell about $807 million short of Governor Chris Christie’s projections, a development that may force him to make cuts in the state budget with just eight weeks left in the fiscal year.
New Jersey Democrats, who control the legislature, reached agreement with Republican Governor Chris Christie on a spending plan for the fiscal year that begins July 1, Senate Budget Committee Chairman Paul Sarlo said.
New Jersey Governor Chris Christie, who cut his revenue outlook for the past two years, is relying on a growth forecast more optimistic than those of all but eight U.S. states to pay for his record budget proposal.
New Jersey’s revenue collections may trail Governor Chris Christie’s estimates by a combined $537 million this fiscal year and next as taxes on income and casinos fall short, the Legislature’s chief budget analyst said.
New Jersey Governor Chris Christie will sign Democratic lawmakers’ $140.5 million version of a bill to provide aid to distressed cities, Senate Budget Committee Chairman Paul Sarlo said in a telephone interview.
New Jersey Governor Chris Christie ’s administration intends to sell $1.4 billion in bonds for the Transportation Trust Fund in October and is talking with lawmakers in an effort to end resistance to the transaction, Treasurer Andrew Sidamon-Eristoff said.
New Jersey Governor Chris Christie, who called a Democratic state senator an “arrogant S.O.B.” this week, joins a distinguished and bipartisan line of politicians who have employed the term. It may help him too.