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Senator Oroho: Revenue update from treasurer shows how severely Murphy Administration misled on New Jersey’s finances

NEW JERSEY – Senator Steven Oroho (R-24) said Monday’s revenue update from New Jersey Treasurer Elizabeth Muoio shows how severely the Murphy administration misled the public last fall on the state of New Jersey’s finances.

“Governor Murphy and Treasurer Muoio sold the New Jersey Supreme Court on a doom-and-gloom budget scenario last fall to gain approval for their unnecessary borrowing plan,” said Oroho, the Senate Republican Budget Officer. “Today’s revenue update by the treasurer is more proof that the administration severely misled the public, legislators, and the courts about New Jersey’s finances.”

Treasurer Muoio said, that State revenue forecasts will increased by hundreds of millions of dollars, beyond even the multi-billion increase that was revealed in early April.

Similarly, the fiscal analysts at the nonpartisan Office of Legislative Services said they will likely revise their revenue projections higher. Their forecasts are already $553 million higher than the administration’s.

Oroho and Senate Republicans on the Budget Committee blasted the administration in early April when the treasurer finally admitted that revenues were billions higher than the administration had been claiming for months.

Jay Edwards

Born and raised in Northwest NJ, Jay has a degree in Communications and has had a life-long interest in local radio and various styles of music. Jay has held numerous jobs over the years such as stunt car driver, bartender, voice-over artist, traffic reporter (award winning), NY Yankee maintenance crewmember and peanut farm worker. His hobbies include mountain climbing, snowmobiling, cooking, performing stand-up comedy and he is an avid squirrel watcher. Jay has been a guest on America’s Morning Headquarters,program on The Weather Channel, and was interviewed by Sam Champion.

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