Budget Expert: Christie Revenues Off By Nearly $1B
TRENTON, N.J. (AP) — The Legislature’s budget expert has told lawmakers that Gov. Chris Christie’s revenue projections for the next 13 months are overestimated by nearly $1 billion.
David Rosen gave updated projections Monday to the state Senate Budget committee.
State Treasurer Andrew Eristoff is scheduled to present his financial forecasts to legislators on Monday, too.
The legislative analyst and the administration expert usually disagree.
Rosen projects $444 million less revenue for the fiscal year ending June 30 and $492 million less for the fiscal year starting July 1 than Christie anticipated in February.
Both forecasts include revenues from taxes due April 15.
Christie has called Rosen “the Dr. Kevorkian of the numbers,” but his forecasts have been more accurate than the administration suggests.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)