By Matthew Arco | October 12th, 2012 - 2:54pm
| More

TRENTON – A continued showdown between legislative Democrats and Gov. Chris Christie over a tax cut proposal appears to be on the horizon.

News that state revenues continue to lag behind the administration’s projections have again cast doubt over whether legislators in the Democrat-controlled Senate and Assembly will come to terms on a tax cut proposal with the Republican governor.

“We need to take a closer look, but if what we’re hearing is correct and if you include the shortfall from last fiscal year, New Jersey is $415 million short,” stated Assemblyman Vincent Prieto (D-32), chairman of the Assembly Budget Committee, responding to news from the state Treasurer that year to date revenue collections are off nearly $175 million from projections.

“That’s scary, and it’s not even Halloween yet,” he said. “We’re going to continue to monitor the situation and act responsibly.”

Christie has been hammering legislative Democrats in recent months for their refusal to send a tax cut plan to his desk. But while the governor has railed in favor of the cuts, Democrats put the brakes on the measure, saying they will wait until year end to gauge the state's fiscal picture before considering the cut.

The chairman of the Senate Budget and Appropriations Committee echoed Prieto’s concerns.

“The governor has said he doesn’t care about monthly revenue figures, but he really should start taking an interest in them,” said Sen. Paul Sarlo (D-36) in a statement.

“With the state staring down a potential billion-dollar hole, the last thing any other governor should do is sit around and just wait for things to change,” Sarlo said. “With unemployment close to 10 percent and a mortgage foreclosure crisis, and amidst downgrade warnings from Wall Street, it would behoove this governor to spend more time at home working on problems here in New Jersey.”

Related story:

Revenue off $175 million on the year

Wake-Up Call

Morning Digest: September 15th

Winners and Losers: Week of Sept. 8th WINNERS Ray Lesniak Governor Chris Christie this week reversed himself on sports wagering, acknowledging the good sense of a bill the veteran 20th District state senator had previously seen vetoed by Christie. (Politicker Staff) http://www.politickernj.com/81196/winners-and-losers-week-sept-8th       Bergen County Exec's race:...

Op-Ed

Legislation needed for publicly financed gubernatorial elections

By JEFF BRINDLE It is critical that the Legislature soon enact a pending bill that would ensure the state’s Gubernatorial Public Financing Program is available in the event of a special election for governor.  Not only is there no current legal... Read More >

Contributors

(9-10-14) Chief Justice Rabner Faces Funding Challenges as Top Court Administrator - Escalating legal fees for litigation is an unintended consequence of underfunding the Court System. ... more »
The Correct Foreign Policy – Neither Fortress America Nor Pax Americana      Last week marked the 75th anniversary of the beginning of World War 2.  It started with the... more »
(Asbury Park, NJ) -- There's a word for someone who says one thing and does another: hypocrite.  There's no shortage of 'em in Trenton -- from ... more »
 The following letter was sent today to Republican state legislators, county chairs, state committee members, and New Hampshire... more »

Quote of the Day

quote of the day

"As long as people believe in absurdities they will continue to commit atrocities."

- Voltaire

Poll

Who is the greatest among these New Jersey native legends? (semi-final poll closes at midnight Monday):

Blogroll

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources