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	<title>New Jersey Policy Perspective</title>
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		<title>Memo to New Jersey&#8217;s Elected Officials: Forget About Cutting Taxes for Now</title>
		<description><![CDATA[Yesterday’s bad news about state tax collections falling short produced some good news: the Senate Budget Committee is postponing consideration of Senate President Sweeney’s 10 percent property tax credit bill. Maybe the committee can take up the issue again, say in October when everyone will know how tax collections finished in FY2012 ending in June and in the first quarter of FY2013. Or maybe legislators will want to put off tax cuts until after New Jersey is restored to fiscal health.]]></description>
		<link>http://www.njpp.org/blog/memo-to-new-jerseys-elected-officials-forget-about-cutting-taxes-for-now</link>
			</item>
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		<title>The Unreality of ‘We Still Have Two Months’</title>
		<description><![CDATA[In order to reach the administration’s estimates for FY 2012, revenues for the remainder of the year would have to grow by 12 percent. Since the growth through April is only 2 percent, it is beyond reality that 12 percent growth can be achieved in May and June.]]></description>
		<link>http://www.njpp.org/blog/the-unreality-of-we-still-have-two-months</link>
			</item>
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		<title>Tax Vow May Trap Christie as NJ Revenue Short</title>
		<description><![CDATA[Governor Chris Christie, a Republican who has spent the past four months promising New Jersey income-tax cuts, now confronts the challenge of selling his plan’s feasibility against a backdrop of continuing revenue shortfalls. ]]></description>
		<link>http://www.njpp.org/articles/tax-vow-may-trap-christie-as-nj-revenue-short</link>
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		<title>Democrats Fear Nearly $1 Billion Shortfall After Gloomy April</title>
		<description><![CDATA[Just one day after Christie and Senate President Stephen Sweeney (D-Gloucester) reached apparent agreement on a compromise tax cut proposal, lower-than-expected income and corporate tax collections led legislators to question whether the state should go ahead with any tax cut at all.]]></description>
		<link>http://www.njpp.org/articles/democrats-fear-nearly-1-billion-shortfall-after-gloomy-april</link>
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		<title>Shortfall Threatens Christie&#8217;s Tax Cuts</title>
		<description><![CDATA[Governor Christie’s “Jersey Comeback” will need a comeback of its own now that a shortfall in state tax revenue threatens to up­end his bold predictions that the economy will grow enough to pay for across-the-board income tax cuts next year.]]></description>
		<link>http://www.njpp.org/articles/shortfall-threatens-christies-tax-cuts</link>
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		<title>New Jersey Revenue Falls Short in April</title>
		<description><![CDATA[Tax collections in New Jersey are running $230 million behind Gov. Christie's projections after April revenue came up short, according to a state Treasury report released Tuesday. If the trend continues, Christie and lawmakers may have to revise their plans to cut taxes, or they may have to find other places to trim the budget.]]></description>
		<link>http://www.njpp.org/articles/new-jersey-revenue-falls-short-in-april</link>
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		<title>Video: NJPP&#8217;s David Rousseau on Tax Cut Talk: &#8216;Everyone Needs to Slow Down&#8217;</title>
		<description><![CDATA[Just hours after both the Christie administration and the Office of Legislative Services issued gloomy revenue reports for April yesterday, NJPP budget analyst David Rousseau spoke to <em>NJ Today</em>'s Mike Schneider about what the numbers mean for next year's budget and for the tax cut proposals being discussed in Trenton.]]></description>
		<link>http://www.njpp.org/blog/video-njpps-david-rousseau-on-tax-cut-talk-everyone-needs-to-slow-down</link>
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		<title>Slow Revenue Growth Sets the Stage for Potentially Budget-Busting Shortfall</title>
		<description><![CDATA[The Christie administration and the Office of Legislative Services (OLS) have released their revenue numbers for the crucial month of April ... and they aren’t pretty. ]]></description>
		<link>http://www.njpp.org/blog/slow-revenue-growth-sets-the-stage-for-potentially-budget-busting-shortfall</link>
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		<title>Why the Rush? Senate Schedules Hearing on Tax Cut Proposal</title>
		<description><![CDATA[Despite warnings from the Office of Legislative Services (OLS) that April income and corporate tax collections were down, the Senate leadership has scheduled consideration of their property tax credit proposal for this Thursday, May 17.]]></description>
		<link>http://www.njpp.org/blog/why-the-rush-senate-schedules-hearing-on-tax-cut-proposal</link>
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		<title>Christie Vetoes Legislation to Create a Health Care Exchange in New Jersey</title>
		<description><![CDATA[Gov. Chris Christie Thursday vetoed Democratic-sponsored legislation that would have begun to establish a health care exchange in New Jersey in line with President Obama’s Affordable Care Act.]]></description>
		<link>http://www.njpp.org/articles/christie-vetoes-legislation-to-create-a-health-care-exchange-in-new-jersey</link>
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