Proposal built on a $1 billion of Unsubstantiated and Unrealistic Revenue
Senator Steve Oroho (R-Sussex, Morris Hunterdon) issued the following statement today regarding the Democrats recently proposed budget:
“The Democrat budget is based on nearly $600 million in dubious revenue including $300 million in efficiencies that have not been identified and $289 million in an income tax windfall that does not exist and has not been certified. This is on top of a $300 million shortfall due to the loss of health benefits savings as a result of the compromise of the newly enacted pension and healthcare reform legislation.
“It is obvious the Democrat majority in the Legislature wants to revert back to the failed ways of the Corzine and McGreevey administrations where they spend money they do not have, subsidize programs taxpayers cannot afford and ask future generations to pay for their uncontrolled spending habits.
“The Governor put forth a responsible budget proposal in February that reflects the realities of our time and the serious economic problems we still face. We must stay disciplined and continue to work to make New Jersey more affordable for middle class families, reignite our state’s competitive advantage and attract businesses and create jobs. “