New Jersey Preps for More Budget Cuts - NBC New York

New Jersey Preps for More Budget Cuts



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    Gov. Chris Christie gestures as he delivers his New Jersey budget address Tuesday, March 16, 2010, in Trenton, N.J.

    New Jersey Gov. Chris Christie might have to sharpen his budget ax.

    A nonpartisan projection of the state's revenue outlook shows tax collections could be slightly weaker than the governor's office anticipated.

    The Office of Legislative Service is presenmting the analysis to the Assembly Budget Committee on Wednesday.

    Tax revenues could be off by $82 million for the final three months of this fiscal year. They could be down about $168 million from what the governor projected in his budget for the upcoming fiscal year.

    The projections show much of the anticipated shortfall coming from continued weak sales tax collections.

    Christie has proposed a $29.3 billion budget that slashes aid to schools, towns and higher education.