May 8 (Bloomberg) — New Jersey’s revenue may be as much as $1.1 billion below Governor Chris Christie’s targets in his $34.4 billion budget proposal for the fiscal year that starts July 1, Treasurer Andrew Sidamon-Eristoff told lawmakers today.

The treasurer said he’ll present adjustments to current state spending and next year’s plan in a revenue update on May 21. The fixes may include both cuts and new revenue, he said, without providing details.

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