Last week, I laid out how New Jersey’s Department of Labor and Workforce Development has put out good initial private-sector employment numbers – numbers that were touted in ads by Gov. Jon Corzine – before revising those numbers downward the following month
. . . for five months in a row. Now comes word that the New Jersey Department of the Treasury is saying the governor’s revenue projections for the first three months of FY2010 were off by nearly $200 million.
More and more, it appears that every number that comes out of the state government is sketchy at best, designed to offer an illusion of budgetary and economic health so that the governor escapes accountability on Election Day.