New Jersey first-fiscal-quarter revenue dives below projections

Treasury: N.J. first-quarter revenue collections missed projections by 7 percent |

The drop is substantial and the administration is blaming the weather. We must wait to see the second quarter figures to find out if this was a weather-related blip or if the policies of the administration are ineffective and the state economy is contracting.

Coincidence or not, the drop in revenue accompanies the drop in the number of employed residents by 25,100 in August. 16,000 of the jobs lost were in the private sector.