From the Washington Post, July 10, 2012:

New Jersey Gov. Chris Christie (R), by his own account, has achieved the fiscal dream: balancing his state’s budget while offering unprecedented social services and a $183 million income tax cut.

However, as the Post notes, “New Jersey’s fiscal picture isn’t nearly as rosy as Christie portrays it to be.”

NJPP’s Gordon MacInnes “points out that Christie has tried to keep the 2012 budget afloat by borrowing or diverting money from funds dedicated to other sources—funds for transportation, affordable housing and foreclosure prevention,” the Post reports. “And New Jersey risks running into the red for years to come.”