“We may start seeing signs of a recession, but that doesn’t mean we’re in a recession,” he told NJ101.5. “The economy is constantly flowing, changing. I don’t see us at the moment being in recession. But there clearly is potential for that.”
recession
‘Extremely concerning’: Recession fears could upend New Jersey’s next state budget
Pfeiffer also pointed out this is something that every state has to deal with and should be “very cautious in the assumptions they make about new revenues and cautious with the assumptions they make on what they do with federally funded programs.”
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