newjerseynewsroom.com

BY CHRISTOPHER RIGHTMIRE

NEWJERSEYNEWSROOM.COM

The revenue goals that Chris Christie set for New Jersey may be as much as $200 million higher than the Legislature’s chief budget analyst’s projection.

Christie has been pushing the legislature’s democrats to include a 10 percent property tax reduction during the special joint session he called last week and throughout his “New Jersey Comeback Tour” that has consisted of 80 town hall meetings across New Jersey, and a speech given in Washington D.C.

A memo sent out after June 30th by David Rosen, a legislative budget official, informed the Legislature of the projected deficit. According to northjersey.com, this prompted the Legislature to only fund the first phase of the cut, which is worth $183 million. They said the rest of the funds would be released in January if the state can afford it.

According to Bloomberg.com, Assembly Budget Committee Chairman Vincent Prieto of Seacaucus said, “This just absolutely gives proof to why a tax cut right now couldn’t be done, and why we need to see if revenues are going to come in as projected.”

Kevin Roberts, a spokesperson for Chris Christie told Bloomberg, “The revenue picture for New Jersey at the close of fiscal year 2012 is actually stronger than last year and showing signs of continued growth.”