By Matthew Arco | January 3rd, 2013 - 6:15pm
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TRENTON – Gov. Chris Christie’s office snapped back at the head finance officer for the Office of Legislative Services Thursday, saying there are too many unknowns to “jump to any conclusions” with the state’s economy.

“David Rosen has been persistently negative and persistently wrong about the state’s revenues, and his analysis today is no exception,” said Christie spokesman Michael Drewniak in a statement.

“At a time when we’re still confronting the severe devastation of Hurricane Sandy and just in the beginning of the rebuilding process, we’re still seeing income tax revenue exceeding projections, and anticipate a significant uptick in labor, building and the related sales activities,” he said. “There are far too many unknowns as our state begins to recover to jump to any conclusions that the sky is tumbling down on us or engage the Democrats’ desire in making this a partisan game.”

Rosen told Senate lawmakers the state is facing a $700 million shortfall, which he warned has the potential to jump significantly higher.

Rosen, who Christie once referred to as the “Dr. Kevorkian of numbers,” told Senate lawmakers Sandy could give the state a bounce in revenues during the rebuilding process. However, he warned the state will need “a spectacular revenue acceleration” to hit the administration’s budget targets.

State revenues would need to grow by nearly 12 percent over the remaining seven months of Fiscal Year 2013, he said.

Wake-Up Call

Morning Digest: September 22nd

Winners and Losers: Week of September 15th WINNERS Chris Christie NBC News reported Thursday evening that the U.S. Attorney’s Office has determined after a nine-month investigation that there is 'no evidence" so far that the governor had advance knowledge about any politically motivated scheme around the bridge lane closures...

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

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(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

"In many ways, Fulop has embraced McGreevey’s granular-level approach to retail politics, racing around the state to raise money for congressional candidates in South Jersey one night, showing up at a Morris County Democratic Party function the next. His administration has also awarded legal work to Weiner Lesniak, the Parsippany-based firm run by state Sen. Ray Lesniak, the Union County Democratic Party power broker." - columnist Charles Stile

- The Bergen Record

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