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NJ: New Jersey Trailing U.S. Cost $3.3 Billion, Analyst Says
Bloomberg: New Jersey would have had about $3.3 billion more revenue last fiscal year if its economic recovery had mirrored the nation’s, according to the legislature’s chief budget officer.
The state’s tax collections remained 12.1 percent below their peak by the third quarter of 2013, when combined receipts for all 50 states turned positive for the first time since the recession that ended in June 2009, David Rosen of the Office of Legislative Services said. New Jersey’s recovery has trailed those of New York, Pennsylvania, Maryland and Massachusetts, he said.
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