STATE BUDGET PROJECTIONS CONTINUE TO LAG

New Jersey Seal 2014The latest budget numbers continue to come up short. The first seven months of the fiscal year show the state $565 million behind projections. The budget projections were much more optimistic than the collection numbers have ended up being. The state must have a balanced budget and cuts will have to take place to ensure the state is level come the end of June. Almost every revenue category is behind at this point, according to the latest numbers from the state.