Christie Administration Adds Detailed Language on New Jersey’s Fiscal Situation The Updated Disclosure Language: Through January 19, 2010 actual revenue collections continue to be less than the amounts estimated at the time of enactment of the Fiscal Year 2010 Appropriations Act. Accordingly, the State believes that it will realize a significant shortage in the annual revenue estimates for Fiscal Year 2010. Most significantly, the State expects to realize revenue shortfalls in its sales and corporate business taxes of $442 million and $180 million, respectively. Additionally, the State expects its estimate of realty transfer and insurance premium taxes to be short by a combined $200 million. Including the $415 million revenue shortfall previously identified in the Supplement dated November 23, 2009 (the “November Supplement”), the State now projects an aggregate net revenue shortfall of $1.205 billion for Fiscal Year 2010. Read more>> Need Acrobat? Download it here.