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$1.4 billion

June 8, 2012

So what’s an extra $100 million between friends? Or even between Republican Governor Chris Christie and David Rosen, the non-partisan Office of Legislative Services budget officer whom Christie branded “the Doctor Kevorkian of the numbers”?

Rosen’s most recent memo to legislative leaders reports that May revenue numbers once again came in short of Christie’s revenue projections. As a result, Rosen is now suggesting that total revenues for Fiscal Years 2012 and 2013 will come in $1.4 billion short of Christie’s optimistic February projections -- up from the $1.3 billion shortfall he projected last month.

So far, Christie’s Treasurer, Andrew Sidamon-Eristoff, is only acknowledging a $676 million deficit and has laid out a plan to fill that gap. Christie had better hope he’s right. According to Rosen, the state is going to be $724 million short by next June – just in time for Christie’s reelection campaign.

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