NJ revenue/expense gap worst in US

Nov. 26, 2018: New Jersey’s finances are deplorable, as has been the case for many years — even worse than Illinois, which is saying something.

According to fresh recent from Pew Charitable Trusts, NJ pulled in revenues of about $60.3 billion and spent about $71.7 billion in fiscal 2017. This deficit is not unusual for the Garden State, which has run a deficit for 15 years, the study said.

Add this to the fact that NJ Transit is literally crumbling before our eyes, and it doesn’t bode well for the future. Check out the article here.

The comprehensive review by the nonpartisan Pew Charitable Trusts places New Jersey dead last among the states when it comes to maintaining fiscal balance, which is raising enough revenue on an annual basis to cover expenses for the same given year.

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