REPORT: MORE CUTS COMING IN STATE BUDGET?

Some new budget figures that will be released Tuesday may signal even deeper cuts in the state budget.  According to The Star Ledger, the state of New Jersey faces a $767 million budget shortfall over the next 13 months which may trigger deeper cuts in the budget by the Chris Christie administration.  The state will be forced to come up with over $400 million in new revenue or budget cuts by the end of next month, according to the report.  The state’s treasurer is expected to testify before a Senate budget committee on Tuesday and lay out the grim financial news.