Christie to give lawmakers final revenue update of FY ’15
TRENTON (AP) — Gov. Chris Christie's administration is set to give lawmakers a final update on revenue for the fiscal year.
Treasurer Andrew Sidamon-Eristoff is expected to review fiscal year 2015 revenues on Tuesday before the state Senate budget committee.
Christie earlier this month identified $200 million in unexpected revenue that his spokesman says will go toward public pensions.
The pensions are at the center of a political and legal fight between Christie and the Democrat-led Legislature and public-sector unions.
Revenues were below expectations last year at this time resulting in Christie reducing the state's pension payment. That triggered a lawsuit pending before the state Supreme Court. A lower court ruled Christie and lawmakers must pay nearly $1.6 billion toward pensions.
The current fiscal year ends June 30.
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