Listener Supported Public Media from Fordham University

  • Facebook
  • Twitter
  • Tunein
  • YouTube
  • Flickr
  • RSS

NJ Delays Release of New Revenue Report

by Associated Press
A A
Governor Chris Christie
Rowan University Publications, flickr

Low revenues could force budget cuts.

Analysts say a new state revenue report could change Gov. Chris Christie's budget plans and force new spending cuts.

In a memo sent out earlier this month, the Office of Legislative Services reported April revenues were less than expected, but didn't say by how much. They also were on pace to trail the same period a year earlier.

Lawmakers then asked state Treasurer Andrew Sidamon-Eristoff to provide specifics on the shortfall. But he declined, saying it wouldn't be prudent.
 
The new revenue report was due out Monday, but that did not happen. Treasury officials declined to explain the delay.
 
OLS officials say there's not much breathing room in the current budget. That means low revenues could force budget cuts and changes in budget plans for the coming fiscal year.

Share

Tags

WFUV News and Public Affairs

From interviews with newsmakers to features about local issues, the WFUV News team keeps listeners informed about the Tri-State area. Learn more.
How are we doing? Take our WFUV News survey.