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New Jersey’s Utility Payments Add to Christie Budget Woes

Governor Chris Christie’s budget plans took another blow from the revenue side as payments from New Jersey utilities trailed the Republican’s projections by $121 million, according to an Assembly Democrat.

The amount adds to a $230 million shortfall in fiscal 2012 receipts through last month, Assembly Budget Chairman Vincent Prieto, a Secaucus Democrat, said today in a statement, citing a state financial disclosure document.