By Matthew Arco | January 15th, 2013 - 7:56pm
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TRENTON – The chairman of the Senate Budget and Appropriations Committee criticized Gov. Chris Christie Tuesday in the wake of the most recent revenue figures.

Sen. Paul Sarlo (D-36) accused the governor of refusing to “acknowledge the problem or to present a responsible plan to address it” after the administration released figures showing a $425 million lag in revenues for the first six months of the fiscal year.

“While the modest boost in income tax revenue is a positive sign it is the only category that has even met projections. Most of the other major revenue categories continue to fall short and the bottom-line total, which is the most important figure, is far below his projections,” Sarlo said in a statement.

“We are halfway through the fiscal year, and total growth is 1.5 percent, a small portion of the 8.3 percent the governor built into the budget and a fraction of the 12.7 percent growth needed to bring the budget into balance,” he said. “The full revenue picture shows a continuing shortfall and the economic performance after six months gives little evidence that the governor’s deficit will be closed by itself. We welcome any positive signs but we must be realistic and responsible.”

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Legislation needed for publicly financed gubernatorial elections

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Quote of the Day

quote of the day

"[Lyndon] Johnson understood that so far as a man was a political animal (and therefore not searching for some private truth which might be independent of politics) he was then, if deprived of his properties, close to being a dead man." - Norman Mailer

- Miami and the Siege of Chicago

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