Tuesday, May 17, 2011

About that Supposed New Jersey Budget Windfall

The Record headlines that New Jersey is expected to take in $913 million more than anticipated according to the nonpartisan Office of Legislative Services.

All is not quite what it seems.

You don't get to the facts until the very last paragraph:The OLS predicts the state will finish the fiscal year that ends June 30 with $683.9 million more than expected in income tax revenue, though business