Chris Christie's proposal to cut income taxes by 10% will probably be a tougher sell in the context of these new numbers for the state of New Jersey.
Tax collections in May fell below expectations, according to a memo sent to lawmakers today by the nonpartisan Office of Legislative Services. OLS officials now estimate that the total shortfall through the end of fiscal year 2013 will be up to $1.4 billion, a revision from the $1.3 billion they forecast last month.
The Christie administration last month projected a smaller budget gap of $676 million.
Everything that Christie does from here on out will be viewed through the lens of his national ambitions in 2016 or 2020, and you've got to think that he'll hold onto the proposed tax cut fairly fiercely.
