MALONE STATEMENT ON REVENUE SHORTFALL

By | October 19th, 2009 - 4:58pm
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Release Date: 
Oct 19 2009
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MALONE STATEMENT ON REVENUE SHORTFALL

    Assembly Republican Budget Officer Joe Malone, R-Burlington, Mercer, Monmouth and Ocean, issued the following statement in response to the state's nearly $200 million revenue shortfall in the first quarter of the current fiscal year:

MALONE STATEMENT ON REVENUE SHORTFALL    Assembly Republican Budget Officer Joe Malone, R-Burlington, Mercer, Monmouth and Ocean, issued the following statement in response to the state's nearly $200 million revenue shortfall in the first quarter of the current fiscal year:    "New Jersey keeps suffering from the failed economic policies implemented during the last eight years. Despite claims that our economy is improving, our business and income tax revenue continue to come in under projections.    "Taxpayers in New Jersey have heard this story before, yet Governor Corzine continues to rely on budgeting gimmicks instead of working in a bipartisan effort to address the state's runaway spending problem that is in desperate need of a major overhaul.    "I once again urge the governor to work with members of both parties so that the we can have the foresight to be prepared if there is another shortfall, which is more than possible given the $8 billion to $10 billion deficit in next year's budget, according to an estimate from the nonpartisan Office of Legislative Services."

Contact Info: 

Assemblyman Joe Malone / 609-298-6250

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