Tuesday, September 11, 2012

CHRISTIE REVENUE EXPECTION FALLS SHORT

Our governor blows it again:

Star-Ledger reports:


TRENTON — State tax revenue in the last fiscal year fell $253 million shortof Gov. Chris Christie's projections, according to legislative report released Monday, raising fresh doubts about the governor's proposed income tax cut.
The report issued by the nonpartisan Office of Legislative Services also went a long way toward settling a colorful — though one-sided — feud between Christie and the Legislature’s top budget officer, David Rosen.
In May, Rosen told lawmakers that Christie’s projections for the remainder of fiscal 2012, which ended June 31, would come in $150 million lower than he expected. Infuriated, the governor called Rosen "the Dr. Kevorkian of the numbers" and suggested he should be fired for being wrong so often.
Rosen was indeed wrong. Christie’s estimates were off $250 million — not $150 million — about 1 percent of the $29.1 billion budget, according to Monday's report.

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