Revenue figures Tuesday could affect Christie tax cut plans
Governor Christie’s “Jersey Comeback” budget and his signature income tax face a major test Tuesday: a revenue report for the most crucial month of the year which pits actual tax receipts against budget projections.
Poor tax collections for the month – the news many in Trenton expect to hear – could force Christie to cut spending now to balance the current budget. And low revenues could also make it harder for Christie, a Republican, to pitch the income tax cut featured in his new budget and to convince the Democrats who control both houses of the Legislature that now is the right time to cut taxes. (Reitmeyer and Fletcher, The Record)
