Senate President Steve Sweeney (D-West Deptford) said he hopes public employee labor unions are successful in their lawsuit to stop Gov. Chris Christie from slashing the state's pension payment in the current fiscal year. The case is set to be heard on June 25.
New Jersey Gov. Chris Christie said Tuesday at a town hall that he'd do away with realty transfer fees, a major source of tax revenue, that cost a retired state trooper in the audience $5,435 after selling a house two weeks ago.
Gov. Chris Christie's 112th town hall meeting started with a focus on Superstorm Sandy and the second round of federal aid headed to New Jersey later this year, but much of the question-and-answer segment addressed issues unrelated to the October 2012 disaster.
Legislation that would have given Gov. Chris Christie the power to raise salaries for his cabinet, increased judges' pay and tweaked the public employee pension law to benefit a few elected officials is on hold indefinitely.
Gov. Chris Christie will seek a $2.25 billion payment to the state pension system when he issues his proposed state budget at 2 p.m. today. This according to the following excerpts released at 6 a.m. this morning.
A new Common Sense Institute of New Jersey pension study finds the state is doing a better job of making payments into the pension system, but those will have to increased by billions of dollars over the next few years to prevent the system from falling into further debt, and no one knows where that money will come from.
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