Christie Committee: NJ Finances Worse Than Thought

Christie -transition teamThe leaders of a budget task force appointed by New Jersey Gov.-elect Chris Christie say they’ve learned the state’s financial crisis is worse than they expected. They say Christie is writing a letter to Gov. Jon Corzine to ask him to freeze spending in several areas until Christie takes office in January. Task force co-chairman Bob Grady said Monday that if department budgets continue to grow at their current rate, there will be a shortfall of more than $8 billion in the state budget that takes effect July 1. Christie has not specified how he would deal with the problem, but has said he will not raise taxes. AP

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  1. And the backtracking on all the empty campaign promises begins….Christie promised to lower taxes and now he says he didn’t “realize” how bad the state finances are

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