Video: NJPP’s David Rousseau Discusses State Revenues & Budget Impact on ‘NJ Today’

July 29th, 2013 by Jon Whiten | No Comments

NJPP budget and tax analyst David Rousseau was featured on NJTV’s NJ Today news program Friday night during a segment on the latest revenue reports released by the administration and the Office of Legislative Services (OLS), and what those numbers mean for the state budget.


Is Last Year’s Revenue Coming in $150 Million Above or $150 Million Below Projections?

July 26th, 2013 by David Rousseau | No Comments

Both the State Treasurer and the Office of Legislative Services have released their monthly reports on New Jersey’s June tax collections. Their interpretations of the same numbers may leave readers scratching their heads.


Budget Briefing: Even if Housing Fund Diversion is OK’ed by Courts, Other Hurdles Face Administration’s Use of This Revenue

July 17th, 2013 by David Rousseau | No Comments

The final budget for the fiscal year that ended June 30 included $164 million in revenues that the administration is seeking to divert from a housing trust fund held by municipalities to assist working families, seniors and people with special needs. While the state and advocates continue the battle over this diversion’s legality, the timing of any potential funds remaining – and the amount of such funds – remains unknown.


How Much Revenue Growth is Needed to Hit the Administration’s Latest Revenue Projections for This Year?

May 23rd, 2013 by David Rousseau | 1 Comment

How Much Revenue Growth is Needed to Hit the Administration’s Latest Revenue Projections for This Year?

Even with the administration making its second reduction in the current-year revenue projections, its estimates may still be too high.


Ignoring the Elephant in the Room: No Tax Cut Discussion at Budget Committee Hearings

May 22nd, 2013 by David Rousseau | No Comments

The lack of interest in the details on the tax cut raises the question: Is the decision whether or not to cut taxes more political than fiscal?


2013 Revenue Projections Continue to Drop

May 21st, 2013 by David Rousseau | No Comments

2013 Revenue Projections Continue to Drop

The Christie administration has reduced its current-year revenue projections for the second time in three months, despite gubernatorial assurances for most of the past year that the targets would be met, or even exceeded.


OLS vs. the Administration on Revenues: The Eight-Year View

April 5th, 2013 by David Rousseau | No Comments

OLS vs. the Administration on Revenues: The Eight-Year View

Given a complex $33 billion budget, economic and other uncertainties (e.g.,Superstorm Sandy), it is unsurprising that the Office of Legislative Services (OLS) and successive administrations should end up estimating slightly different revenues. The difference has not been more than one percent in any of the last eight years, hardly enough to set off the war of words between the two institutions (or one would think).


What Does the $637 Million Shortfall Projected by OLS Mean for the Coming Budget?

April 4th, 2013 by David Rousseau | No Comments

What Does the $637 Million Shortfall Projected by OLS Mean for the Coming Budget?

The Office of Legislative Services (OLS) told legislators today that it projects $637 million less revenue than the proposed 2014 budget calls for. While OLS’s more cautious projections are not surprising, the difference provides a framework in which the budget discussions will unfold over the next few months.


Key Events That Will Shape Next Year’s Budget

March 25th, 2013 by David Rousseau | No Comments

Between now and the constitutional budget deadline of June 30, there are a number of events that will shape the final Fiscal Year 2014 budget; here are some key ones to watch.


February Revenues Continue Recent Upward Trend; Robust Growth Still Needed to Hit This Year’s Revised Projections

March 8th, 2013 by David Rousseau | No Comments

February Revenues Continue Recent Upward Trend; Robust Growth Still Needed to Hit This Year’s Revised Projections

Budget collections continued a recent uptick in February – but in order to hit the latest, lower budgeted projections, growth will have to be even more robust in the remaining four months of the fiscal year.






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