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NJ Budget On Track, But Questions Linger

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Money File Photo (credit: George Lane/AP)

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TRENTON, N.J. (AP) – The Legislature’s budget officer reports revenue and spending in New Jersey’s $28.4 billion budget are on track through the first half of the fiscal year.

However, the state may not see all of the revenue it anticipates from seizing unclaimed property, privatizing services and stopping Medicaid fraud.

Budget officer David Rosen told the Assembly Budget Committee Thursday he had no information on whether the administration would achieve $190 million in savings it had assumed from those sources.

State Treasurer Andrew Eristoff declined to appear before the committee.

Committee Chairman Lou Greenwald said Eristoff would have been able to address questions that remained unanswered.

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)