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.
A former administrator and a former shop foreman at the Passaic Valley Sewerage Commission were convicted at trial today of charges that they directed subordinate employees to complete repairs or improvements at private homes while on-duty for the PVSC, according to Acting Attorney General John J. Hoffman.Read More >
Days Since Last Christie Press Conference (Jan. 9)
Greenstein versus Watson Coleman in Princeton PRINCETON – When Princeton Community Democratic Organization (PCDO) Chairman Jim Durbin announced a second ballot runoff tonight and the losers headed for the back of the room, he alerted committee members to the names of the two surviving competitors. But people already...
BY JEFF BRINDLE Anytime now, the U.S. Supreme Court will render a decision in McCutcheon v. FEC. And while reformists may not like it, the high court is likely to allow national parties to raise far more money. That could strengthen them... Read More >
"The governor has allowed political cronyism to continue and even flourish, rather than stamp it out, with some of his closest confidants enriching themselves through millions of dollars in state contracts, and legal and lobbying fees, an Asbury Park Press review of thousands of pages of campaign, lobbying and contracting documents found."- The Asbury Park Press
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