TRENTON – The governor’s self-imposed deadline for releasing monthly revenue figures came and went last week, and yet there’s little in a way of a response from the administration of when the data will be made available.
According to the governor’s own executive order, October revenue figures should have been released Friday – the tenth business day of the month. However, revenue data has not yet been issued by the Department of Treasury.
A spokesman for the governor said the numbers are expected to be released in conjunction with the administration's assessment of damages from the storm. The spokesman, Michael Drewniak, did not give a timeframe for when that would be.
The monthly figures are significant as the calendar draws closer to December, when Democrats promised to decide whether to offer a tax cut for New Jersey residents.
Year to date revenue collections were off nearly $175 million from projections for the month of September. Sales tax collections made up the bulk of the revenue shortfall coming in at $94 million off projections for the first three months of the fiscal year. Gross income tax receipts came in $7.8 million over estimates.
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"Potentially, we can get this done, because it's important. We get it. We understand it. But there are issues. There's the speedy trial component. How are we going to pay for this? How is the risk-assessment piece of it going to be done?" - Assembly Speaker Vincent Prieto (D-32), on bail reform.- The Asbury Park Press
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