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 29th

Winners and Losers: Week of September 22nd WINNERS Tom MacArthur In arguably the most competitive contest of the season, the CD3 Republican candidate forced Comcast to take down an inaccurate Democratic Congressional Campaign Committee (DCCC) television advertisement – the second of three forced off the air. "Our attorney was...

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

In tribute to John Sheridan, a good and great man     I first learned late last night from television news that John P. Sheridan, Jr. and his wife, Joyce had... more »
(9-24-14) The Founding Fathers and the Militarization of the Police - No matter what the grand jury in Ferguson, Missouri decides, the debate over the militarization of... more »
(Trenton, NJ) --  On September 23, 2015 I shall dig this up and eat whatever crow I've got coming, but in the meantime only a listicle... 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

"After not responding to messages all week seeking an interview about the campaign, Garrett’s spokeswoman said on Friday afternoon that she would try to set one up, but did not respond further. Garrett has not released any announcements of where he would be campaigning, though he has posted pictures on social media on Sept. 8 from the Greenwood Lake Air Show in West Milford and on Sept. 14 from the Hackettstown Street Fair. Garrett has not agreed to any debates so far." - columnist Herb Jackson

- The Bergen Record

Poll

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