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Prieto: More Disconcerting Fiscal News for N.J. Budget Chairman Plans Hearing
(TRENTON) -- Assembly Budget Chairman Vincent Prieto (D-Hudson/Bergen) released the following statement Monday on estimates the state budget revenue estimates for last fiscal year fell $254 million short:
"These numbers, when combined with slow economic growth and high unemployment, unfortunately continue a disconcerting trend for New Jersey under Gov. Christie.
"The shortfall means this year's budget starts with $254 million less than anticipated, requiring even higher growth than was already assumed by Gov. Christie to meet his targets for this fiscal year. Unfortunately, we have yet to see any signs of such a so-called comeback, despite the constant spin that budget shortfalls have been tackled.
"Gov. Christie needs to finally begin working with us to devise a responsible budget geared towards working class residents. We all support tax cuts, but they must be responsible tax cuts.
"I plan to convene the Assembly Budget Committee soon for a hearing on this revenue shortfall. Middle-class New Jerseyans already bearing a net 20 percent property tax hike and women who have lost access to quality health care under Gov. Christie deserve answers from the administration."
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