Tuesday, April 29, 2014

Republican Accounting Tricks

Republican governance of New Jersey always involves taking from Pot A to fund Pot B and then dumping the mess into the lap of your successor. But you have to time it just right...
The state's budget gap in New Jersey is widening, and lawmakers are trying to figure out what to do about it.

April's income tax revenues from the state's wealthiest residents are far less than expected, and the overall shortfall for the current fiscal year is $800 million below the Christie administration's projections.