The Democratic-controlled Legislature’s budget office and the Christie administration’s 2016 forecasts have only minor differences, the first time in more than 20 years they have been so small.
Office of Legislative Services’ budget officer David Rosen said during an Assembly Budget Committee hearing Monday that Gov. Chris Christie’s projections are “reasonable.”
Christie’s 2016 budget puts revenues at $34.2 billion; Rosen’s differs by only $16.1 million, a difference of 0.02 percent. It hasn’t been so small a difference since March of 1994
Last year, Christie’s projections fell about $1 billion short of expectations while legislative estimates proved closer to receipts. The shortfall resulted in the governor cutting payments to the state’s public pension fund.