Gov. Christie Tells Wall Street That N.J.’s Surplus May Be Lower

September 15th, 2012  |  by  |  Published in NJPP In the News

PrintFriendlyEmailShare

From the Star-Ledger, September 15, 2012:

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.”


Help us help New Jersey's working families. Make a tax-deductible donation today.

Leave a Response


Join NJPP's Email List
Email:  


Contact Us

137 West Hanover Street
Trenton, New Jersey 08618
PH: 609-393-1145

Click Here To Contact Us

NJPP is a member of the Economic Analysis and Research Network and the State Fiscal Analysis Initiative

Support NJPP

NJPP is a 501(c)(3) organization under the Internal Revenue Code. That means we do not engage in elections or partisan politics, and your contributions are tax-deductible.

Please consider a donation to NJPP.

Connect With NJPP