Weekly Advance: Week of Jan. 7

TRENTON – When Gov. Chris Christie addresses a joint legislative session Tuesday he’ll be doing so on the heels of news that revenues are not meeting the administration’s projections.

It’s an election year.

The shortfall news was dropped by the Office of Legislative Services, which estimates the state is facing at least a $700 million deficit so far this fiscal year.

After the head of the non-partisan office’s finance division, David Rosen, was pressed by Democratic lawmakers to give a number of what the deficit could be if revenues remain stagnant, Rosen replied with a figure likely to be echoed again – $2 billion, he said.

The figure represents a number Rosen said he didn’t think would materialize, saying, “I don’t think the most likely outcome is that size of a shortfall.”

His report, which was cast by Christie’s office as partisan rhetoric, warned the state would need “a spectacular revenue acceleration” to hit the administration’s budget projections.

But Rosen added that certain factors – such as the rebuilding after Superstorm Sandy – are expected to lead to some sort of gains in revenue.

However, the chairman of the Senate Budget and Appropriations Committee, Sen. Paul Sarlo, (D-36),  wasted little time in saying a shortfall can land somewhere between $700 million and $2 billion.

And again, it’s an election year.

One year after the governor announced during his 2012 State of the State that he planned to push for a 10 percent income tax reduction, Christie will take to the podium Tuesday on news that revenues are off his projections.

And Democrats won’t let him forget it (just as they will be quick to point out that the current OLS shortfall estimate is based largely on pre-Sandy months).

So it begins. Christie will outline his vision for the upcoming year and Democrats will, for largely the first time since Sandy slammed into the Jersey coast, push back with revenue numbers they say is evidence that the governor is leading the state in the wrong direction.

Monday

Gov. Chris Christie

Not yet scheduled

Lt. Gov. Kim Guadagno

Not yet scheduled

Legislature

Nothing scheduled

Boards and Commissions

4 p.m., Site Remediation Professional Licensing Board, Department of Environmental Protection, 401 E. State St., Trenton

 

Tuesday

Gov. Chris Christie

2 p.m., State of the State Address, Assembly chambers, Statehouse, Trenton

Lt. Gov. Kim Guadagno

Nothing scheduled

Legislature

Senate/Assembly

2 p.m., State of the State Address, Assembly chambers, Statehouse, Trenton

Boards and Commissions

10 a.m., N.J. Health Care Facilities Financing Authority, Finance Committee, Building 4, fourth floor, Station Plaza, South Clinton Avenue, Trenton

1 p.m., N.J. Fish and Game Council, Central Region Office, Assunpink Wildlife Management Area, Robbinsville

6 p.m., Delaware Bay Shellfisheries Council, Haskin Shellfish Research Lab, 6959 Miller Ave., Port Norris

 

Wednesday

Gov. Chris Christie

Not yet scheduled

Lt. Gov. Kim Guadagno

Not yet scheduled

Legislature

11 a.m., Joint Committee on the Public Schools, International High School, 200 Grand St., Paterson

Boards and Commissions

10 a.m., Sales and Use Tax Review Commission, will meet via telephone conference, 888-830-6260, participant code 590881

 

Thursday

Gov. Chris Christie

Not yet scheduled

Lt. Gov. Kim Guadagno

Not yet scheduled

Legislature

Boards and Commissions

10 a.m., N.J. Environmental Infrastructure Trust, main conference room, 3131 Princeton Pike, Office Building 6, Suite 201, Lawrence

 

Friday

Gov. Chris Christie

Not yet scheduled

Lt. Gov. Kim Guadagno

Not yet scheduled

Legislature

Nothing scheduled

Boards and Commissions

9:30 a.m., N.J. Pinelands Commission, Richard J. Sullivan Center for Environmental Policy and Education, 15C Springfield Road, New Lisbon

10 a.m., Board of Public Utilities, hearing on Main Extension rules, 44 S. Clinton Ave., first-floor multipurpose room, Trenton

 

 

Weekly Advance: Week of Jan. 7