N.J. officials warn Wall Street state’s fiscal safety net is shrinking (Star Ledger)

November 30, 2012 – The Christie administration warned Wall Street earlier this week that its fiscal safety net is shrinking thanks to lackluster revenue collections, unexpected increases in spending and a failure to realize savings in several areas as it anticipated, according to a filing connected with the sale of notes. The administration also advised Wall Street that the governor’s office and treasury officials began talking about contingency plans for the current budget last month, even before Hurricane Sandy barreled through the state, the filing shows.

Link to Full Article: http://www.nj.com/politics/index.ssf/2012/11/nj_officials_warn_wall_street.html

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