"N.J. faces 'tough choices' after $800 million revenue shortfall in April ...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.
Lawmakers will have to make some tough choices, said state Sen. Tony Bucco, the ranking Republican on the Senate Budget Committee."
Hmm...The rich people aren't paying their share, thanks to Republican government. What a huge surprise! Well, what do you think they will do to make up the difference, raise tax rates on the rich?
"Lawmakers said they don't expect the state to reduce its payment into the pension system to help make up for the revenue shortfall.
But Gov. Chris Christie said Tuesday that nothing is off the table to fund ways of balancing the state budget..."
Make the State workers pay! and then go to work on other non-rich people! Republicanism at work!
Thanks to Eschaton for the link to this article.