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MUNICIPAL DATA SHEET CAP MUST ACCOMPANY BUDGET MUNICIPALITY FRELINGHUYSEN TOWNSHIP COUNTY WARREN Governing Body Me Form

MUNICIPAL DATA SHEET CAP MUST ACCOMPANY BUDGET MUNICIPALITY FRELINGHUYSEN TOWNSHIP COUNTY WARREN Governing Body Me Form

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[Music] [Applause] to find the problem follow the money New Jersey expected to hit $160 Million jackpot from online gaming instead it flatlined at less than 10 million residents earning less money in the struggling economy paid less income tax just half of what the state projected that's why in part standard and por claims Governor Christie's budget isn't really balanced it relies on money that doesn't material realiz Democrats pounced we're predicting higher income tax projections than say Manhattan um and you don't think that's realistic I I don't believe that's realistic neither does standard and pores its prime Bond rating is AAA extremely strong New Jersey was rated double A minus still a very strong evaluation but S&P downgraded that to A+ as standard and pors John suden explains there's increased pressure uh in terms of balancing their budgets and being able to uh better align their revenues

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