State tax revenues continue to fall short

David Rosen, a budget analyst with New Jersey's nonpartisan Office of Legislative Services, will testify before the Assembly Budget Committee Wednesday about falling tax revenues estimates.

Rosen predicts that tax revenues could be $80 million shy of projections for the final three months of this fiscal year and $165 million shy of predictions for the upcoming fiscal year which begins July 1.

The projections show most of the shortfall coming from weaksales-tax collections.

If the Office of Legislative Services predictions hold, Gov. Chris Christie would be forced to make additional cuts to his proposed $29.3 billion budget.

AP wires contributed to this report

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