Gov. Chris Christie didn’t hesitate this week to blast the state’s legislative budget officer, who said his revenue estimates were falling short, but his administration has told Wall Street something different.
The administration advised potential investors in a preliminary bond offering statement filed Wednesday that lower-than-expected revenue collections may cause a “significant” reduction in the state’s projected surplus for the fiscal year that ended in June.
NJPP’s David Rousseau tells the Ledger that Gov. Christie can say what he wants in public, but the rules are not the same when dealing with Wall Street: “This confirms what we already know: that the administration did not collect as much revenue as they had hoped.”
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