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Topic: N.J. budget shortfall
grows to $705 billion |
N.J. budget shortfall
grows to $705 billion
The Record [Hackensack, NJ], by John Reitmeyer
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Original Article
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Posted By:Ribicon, 1/3/2013 11:09:59 PM
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| Halfway through the fiscal year, Governor Christie’s budget is $705 million short of revenue projections, with more than a dozen income sources trailing his growth estimates. The shortfall puts his proposed income tax cut in jeopardy. Also in potential trouble are millions in state spending now earmarked for property tax relief and for a payment to the public employee pension fund. And the budget problems could also hamper the state’s ability to provide financial help to towns hit by superstorm Sandy.(Snip) Christie signed a $31.7 billion budget in June that projected an 8 percent growth in the economy, a financial
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Comments:
Headline is as written; they mean "million," not "billion."
The #1 Springsteen Fan´s state budget assumed 8% growth in the economy; that point alone should disqualify him from further consideration for political office.
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Reply 1 - Posted by:
doctorfixit, 1/3/2013 11:26:36 PM (No. 9097501)
Huh. Christie´s walk-on-water powers seem to have diminished. Does anyone really believe that a GOP governor is going to reform the #1 corrupt state?
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Reply 2 - Posted by:
smcchk, 1/3/2013 11:39:49 PM (No. 9097515)
Stay in New Jersey, big guy.
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Reply 3 - Posted by:
a man over thirty, 1/3/2013 11:42:42 PM (No. 9097520)
Obama-sniffing RINO.
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Reply 4 - Posted by:
Blackeagle, 1/3/2013 11:45:28 PM (No. 9097522)
$705 million is probably pretty manageable - unless your state´s workforce is made up mostly of organized crime members.
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Reply 5 - Posted by:
Objectivity, 1/3/2013 11:45:32 PM (No. 9097523)
Hey Chris ... the more I see & hear you ... the more I like Marco R and Rand P .....
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Reply 6 - Posted by:
bob913, 1/3/2013 11:49:43 PM (No. 9097530)
Now we know where the taxpayer Sandy relief money will go. Not much will actual go to repair. Insurance money will pay for most so the states can splurge on new entitlements.
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Reply 7 - Posted by:
TunnelRat, 1/4/2013 12:06:53 AM (No. 9097551)
I don´t agree with Governor Christie on a number of different issues, but he is still, far and away, our greatest friend in office in the Northeast.
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Reply 8 - Posted by:
Cleanhousein2012, 1/4/2013 12:10:44 AM (No. 9097554)
With all due respect 7. None of these politicians are our friends. At best, they are not our enemies though I think those that aren´t are few and far between.
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Reply 9 - Posted by:
Muncsdad, 1/4/2013 12:12:20 AM (No. 9097556)
#7, you have now definitively proven that we have NO friends WHATSOEVER in the Northeast.
Some of our ancestors tried to address this in the 1860s, to little avail...
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Reply 10 - Posted by:
Nimby, 1/4/2013 12:18:23 AM (No. 9097564)
No doubt the big guy wants 60 billions
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Reply 11 - Posted by:
Trigger2, 1/4/2013 3:32:32 AM (No. 9097641)
Only a moron projects an 8% growth. What´s wrong with these politicans? Have they no brains at all? NJ´s main problem boils down to lavish pensions. It´s beyond time to cut those.
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Reply 12 - Posted by:
planetgeo, 1/4/2013 4:23:31 AM (No. 9097668)
Portly pontificating pol projects pecuniary pothole, pleas for presidential pork to placate peasants...
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Reply 13 - Posted by:
miceal, 1/4/2013 4:47:41 AM (No. 9097688)
Weird, if the Northeast and West Coast would drop off into the Ocean, this could become a descent Country again.....
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Reply 14 - Posted by:
sinic, 1/4/2013 5:18:16 AM (No. 9097699)
Maybe Fatso should take a walk in the real world and get some fresh air...the only thing I see that´s +8% is the rise in the cost of living over the last couple of years.
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Reply 15 - Posted by:
Keekng, 1/4/2013 5:23:55 AM (No. 9097702)
Agreed, #11,8% growth is dillusional, something a democrat would try to sell. Christie must be getting his economic advice from obama or Moonbeam Brown.
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Reply 16 - Posted by:
DaddyO, 1/4/2013 7:43:39 AM (No. 9097834)
$705 million, $705 billion, $705 trillion.. the people are too stupid to notice, I guess.
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Reply 17 - Posted by:
noproblems, 1/4/2013 8:32:25 AM (No. 9097926)
what mook would project 8% revenue growth to base a budget off of?
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Reply 18 - Posted by:
ROLFnader, 1/4/2013 8:38:55 AM (No. 9097939)
Christie is actually correct regarding three growth estimates- his girth, weight and the future costs of political prostitution.
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Reply 19 - Posted by:
civilservant, 1/4/2013 8:41:34 AM (No. 9097949)
#7, I can assume from your response that you sir are a Democrat?;)
If CC is our best friend, baby I don´t want no enemies.
%64 of respondents to Rasmussen stated that the Presnidebt´s handling of Sandy was instrumental in their choice when voting.
Chris Christie gave us Uhhhhbama´s second term.
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Reply 20 - Posted by:
mickturn, 1/4/2013 9:01:15 AM (No. 9097996)
The headline Billion and the story Million represents the difference between what they will steal vs. what they need...
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