Moody’s Investors Service says NJ ‘comeback’ will lag nation
Sites state’s persistent high unemployment rate
A Wall Street ratings agency became the latest critic of Governor Christie’s “Jersey Comeback” on Monday with a report that said the state’s economic growth “will likely remain muted.”
Moody’s Investors Service cited New Jersey’s $230 million tax shortfall in the current state budget and the state’s persistent high unemployment rate in its Weekly Credit Outlook Monday.
“New Jersey’s fiscal 2013 revenue growth will likely remain muted given recent tax revenue trends and our expectation that the state’s economic recovery will lag the U.S.,” Moody’s said. (Reitmeyer, The Record)
https://www.northjersey.com/
