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Gov. Chris Christie at his town hall session in Somerset
Gov. Chris Christie at his town hall session in Somerset (Dino Flammia, Townsquare Media NJ)
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Christie: Scrap Realty Transfer Fees

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.

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(Governor's Office/Tim Larsen)
Governor Chris Christie answers questions during the 112th Town Hall in Toms River.
(Governor's Office/Tim Larsen) Governor Chris Christie answers questions during the 112th Town Hall in Toms River.
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Christie Talks Pensions, ‘School Patriotism’ [VIDEO/AUDIO]

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.

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Money
Pile of money (iStock)
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Salary, Pension Bill Shelved for Now

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.

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New Jersey Statehouse
New Jersey Statehouse (VisionsofAmerica/Joe Sohm, Getty Images)
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Gov. Christie: Make $2.25 Billion Pension Payment

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.

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Steve Malanga discusses the Common Sense Institute of NJ Pension Study. (Photo by David Matthau, Townsquare Media)
Steve Malanga discusses the Common Sense Institute of NJ Pension Study. (Photo by David Matthau, Townsquare Media)
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NJ Pension Woes Persist [AUDIO]

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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Steve Sweeney and Chris Christie
Steve Sweeney and Chris Christie (Governor's Office/Tim Larsen)
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NJ Sen Prez Threatens Government Shut down [AUDIO]

This year could see a repeat of 2006 when New Jersey's state government operations shut down because a budget deal wasn't reached by the constitutionally mandated midnight June 30 deadline.

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judges gavel
Joe Raedle, Getty Images
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Lawyers Argue over State Pension Increases

Lawyers for retired New Jersey public employees made their pitch to a three-judge appeals panel Tuesday that the state government broke the law when it took away pensioners' automatic cost-of-living increases in 2011.

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Category: New Jersey News, News Tags:
Money
Flickr User Keith Ramsey
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NJ Pension System Underfunded by $172 Billion [AUDIO]

The pension system for New Jersey's public employees is dramatically underfunded.  A new study released by State Budget Solutions reveals New Jersey's pension plan is currently funded at just 33 percent.

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Do you have a prison record and can't get a job?
Flickr User mikecogh
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NJ Senators Aim to Ensure Prisoners Don’t Collect Unemployment [AUDIO]

Late last month, State Comptroller Matt Boxer released an audit that identified more than $23 million in benefit payments made to or on behalf of prison inmates who did not appear to be entitled to such payments.

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Flickr User Miss_Millions
Flickr User Miss_Millions
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Your Tax Dollars Going to Prison Inmates for Government Benefits [AUDIO]

Just when you thought you've already heard every conceivable way the state can abuse your tax dollars comes a new audit from the Office of the State Comptroller (OSC).

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