$800 Mil Budget Gap Gives Gov Few Options

Rumors of the budget shortfall circulated within Statehouse circles a few hours before the Treasury Department issued its late afternoon press release, with one source describing the revenue drop as “catastrophic.”

Analysis: $800 Million Budget Gap Leaves Christie With Few Choices (via NJSpotlight)

“The State will take any and all actions necessary to offset the reductions in anticipated revenues, including the identification of additional lapses and savings opportunities, as well as the exercise of the full range and scope of executive authority…

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