Prieto on S&P Downgrading Christie Budget Outlook

Prieto on S&P Downgrading Christie Budget Outlook

Assembly Budget Chairman Vincent Prieto released the following statement Tuesday after Standard & Poor’s revised New Jersey’s credit outlook to negative:

“Gov. Christie is the only one who believes his own tale of an economic comeback for New Jersey. New Jersey’s middle-class suffering under property tax hikes and high unemployment certainly don’t believe it, the numbers and economic indicators aren’t adding up and now credit rating agencies are raising serious questions about the governor’s policies. We all want a successful New Jersey, but if we’re to achieve it, we need to work with reality, not the administration’s fairy tale budgeting.”