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Richard E. Constable, III, center, Commissioner New Jersey Department of Community Affairs listens as his Deputy Commissioner Charles Richman, left, answers a question about funding during a Senate Budget Committee hearing Tuesday, April 29, 2014, at the Statehouse inTrenton, N.J. Senate Budget Committee chairman Sen. Paul A. Sarlo, D-Wood-Ridge, N.J., says New Jersey is facing significant late-year budget cuts because Gov. Chris Christie's administration overestimated how much tax revenue the state would receive. Sarlo says up to $800 million in fixes will be needed in the next two months to close out the fiscal year with a balanced budget, which the state constitution requires. (AP Photo/Mel Evans)

Richard E. Constable, III, center, Commissioner New Jersey Department of Community Affairs listens as his Deputy Commissioner Charles Richman, left, answers a question about funding during a Senate Budget Committee hearing Tuesday, April 29, 2014, at the Statehouse inTrenton, N.J. Senate Budget Committee chairman Sen. Paul A. Sarlo, D-Wood-Ridge, N.J., says New Jersey is facing significant late-year budget cuts because Gov. Chris Christie's administration overestimated how much tax revenue the state would receive. Sarlo says up to $800 million in fixes will be needed in the next two months to close out the fiscal year with a balanced budget, which the state constitution requires. (AP Photo/Mel Evans)

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