NJ officials fear fiscal cliff despite billions in extra cash this year
April 6, 2021
12:56 pm
Despite billions of dollars in extra cash blowing expectations for how the state budget would fare amid the COVID-19 recession, top budget lawmakers and state financial analysts are warning of a steep drop in money in the years to come.
“This is in my opinion, a two- to three-year budget cycle,” said Senate Budget Chair Paul Sarlo, D-36th District, during an April 6 budget hearing.
Sarlo continued that “It’s incumbent upon us to work with this administration… to pay down debt and… make sure that we make these investments strategically… that we plan for the next two or three fiscal years.”