TRENTON – The State Treasurer will not be testifying next week on Fiscal Year 2013 revenues during a Senate budget hearing, a state spokesman said.
Bill Quinn, of the Treasury Department, said Treasurer Andrew Sidamon-Eristoff would not be appearing before the Senate Budget and Appropriations Committee due to a scheduling conflict. Sidamon-Eristoff was asked by the chairman of the Democrat-controlled committee to testify on state revenues.
“The Treasurer won’t be testifying before the Budget & Appropriations Committee on Jan. 3 due to a prior conflicting commitment,” Quinn said in an e-mail.
Sen. Paul Sarlo, (D-36), Wood-Ridge, has asked Sidamon-Eristoff and David Rosen, of the Office of Legislative Services, to give lawmakers an update on revenues.
The hearing comes on the heels of the latest round of poor revenue news and as the state is eyeing a shortfall in the range of $600 million to $1 billion, Sarlo said.