Post-Sandy economy spike will not rescue N.J. from money problems, analyst warns (Star Ledger)

January 3, 2013 – The recovery from Hurricane Sandy may provide an economic stimulus in the months ahead, but probably not soon enough for New Jersey to overcome financial difficulties, the state Legislature’s senior budget officer cautioned today. At the current pace of revenue growth, the budget will have a $2 billion revenue shortfall, Rosen said. He cautioned that he was not predicting such a devastating outcome, but did say the shortfall was likely to be higher than the $700 million hole the state currently faces.

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