Stuck on Stupid :N.J. economy not generating big bucks in state budget, lawmakers told
By Samantha Marcus | NJ Advance Media for NJ.com
TRENTON — New Jersey’s mediocre economic recovery has the state Legislature’s financial analysts betting low on how much money the state will take in next year.
But that doesn’t mean there will be another big battle between the Legislature and Gov. Chris Christie’s office over revenue forecasts this year.
The nonpartisan Office of Legislative Services, known in recent years for offering a sobering take on the state’s tax collections that challenge the Christie administration’s more optimistic estimates, suggested there will be no such conflict this year.
“I am pleased that this year’s budget discussions will not feature a clash of conflicting revenue forecasts,” David Rosen, the Legislature’s budget and finance officer, told the state Assembly Budget Committee this morning. “The OLS believes the executive’s forecasts are reasonable.”