AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Consulting Firms Reveal Lower Revenue Projections for New Jersey.
Byline: Eugene Kiely
Dec. 11--TRENTON, N.J.--Two economic consulting firms hired by the state estimate that New Jersey's revenue shortfall this year could top $1.4 billion -- double what the DiFrancesco administration has publicly acknowledged.
In a separate development, Moody's Investors Service late yesterday changed the state's rating outlook from stable to negative.
A budget task force assembled by Gov.-elect James E. McGreevey discovered the revised projections while reviewing budget documents during the transition. The task force included the projections in a six-page memo on the budget that was sent to legislators last week.
Economy.com, one of the consultants, warned last month in a report to the state Department of Treasury that the revenue shortfall could reach $1.8 billion, while Deloitte & Touche placed the figure at $1.4 billion, according to the memo.
- New Jersey manages revenue shortfall to keep S&P's 'AAA' go rating. (Standard...
- Press release article from: PR Newswire January 5, 1989 700+ words
/S&P CREDITWIRE/ NEW JERSEY MANAGES REVENUE SHORTFALL TO KEEP S&P'S 'AAA' GO RATING NEW YORK, Jan. 5 /PRNewswire/ -- The State of New Jersey announced a further revenue erosion of some $135 million...
- N.J. Faces $1.2B Revenue Shortfall; Gross Income Tax Receipts Off $800M.(The...
- Magazine article from: The Bond Buyer May 6, 2009 700+ words
...Byline: Michelle Kaske New Jersey faces a revenue shortfall of more than $1.2 billion...believes the two-year revenue shortfall may exceed, perhaps significantly...The fiscal year 2009 revenue shortfall is likely to exceed...
- Consulting Firms Reveal Lower Revenue Projections for New Jersey.
- Newspaper article from: Knight Ridder/Tribune Business News December 11, 2001 700+ words
...estimate that New Jersey's revenue shortfall this year could...bondholders that the revenue shortfall "will exceed...analyst who reviews New Jersey bond issues for...bonds, saying the revenue shortfall will deplete...
- Moody's Downgrades New Jersey: Agency Dropes Gos To Aa2 From Aa1.
- Magazine article from: The Bond Buyer Braun, Martin Z. March 5, 2002 700+ words
...and all debt issued by the New Jersey Sports & Exposition...in April," said Blake. New Jersey's total revenue shortfall is expected to reach $2...recognition by Wall Street that New Jersey must take immediate and decisive...
- Pennsylvania Governor Schweiker Directs Cabinet to Identify Additional Spending...
- Press release article from: PR Newswire May 31, 2002 700+ words
...step to deal with a mounting revenue shortfall in Pennsylvania. Gov. Schweiker...proactive measures to deal with our revenue shortfall, namely freezing more than...deficit. And our neighbors in New Jersey -- they're $6 billion in...
- Amtrak president to head New Jersey Transit.(Knight Ridder Newspapers)
- Newspaper article from: Knight Ridder/Tribune News Service Belden, Tom Parmley, Suzette March 7, 2002 700+ words
...trains for one running New Jersey's network of aging...In naming him to head New Jersey Transit, Gov. James...in the nation." At New Jersey Transit, Warrington will face a $131 million revenue shortfall in its 2003 operating...
- Amtrak president to head New Jersey Transit.
- Newspaper article from: The Philadelphia Inquirer (via Knight-Ridder/Tribune News Service) March 7, 2002 700+ words
...trains for one running New Jersey's network of aging...In naming him to head New Jersey Transit, Gov. James...in the nation." At New Jersey Transit, Warrington will face a $131 million revenue shortfall in its 2003 operating...
- Amtrak President to Leave Post for Top Job at New Jersey Transit.
- Newspaper article from: Knight Ridder/Tribune Business News March 8, 2002 700+ words
...trains for one running New Jersey's network of aging...In naming him to head New Jersey Transit, Gov. James...in the nation." At New Jersey Transit, Warrington will face a $131 million revenue shortfall in its 2003 operating...