N.J. losing billions in epic tax revenue shortfall. These stunning examples show how bad it is.

By all accounts, state tax collections are in for a beating.Gov. Phil Murphyhas described them as “falling off the cliff.” Budget experts predict revenue lost from widespread businesses closures and massive unemployment will be “unprecedented.” And Wall Street ratings agencies are already sending up flares, warning of wide budget caps that threaten Murphy’s fiscal goals, like fully funding the public pension system.Murphy’s administration has yet to provide updated, detailed economic forecasts since the start of the public health crisis that tell just how bad the drubbing will be. But state Tr…

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