According to the Department of the Treasury, revenue collections for Fiscal Year 2015 are just about where Gov. Chris Christie projected they would be, but that does not mean the state is flush with cash.
For the past three weeks, after delivering a status-quo, non-controversial budget proposal that calls for flat spending across-the-board, New Jersey Gov. Chris Christie has spent most of his time out-of-state.
What’s the best way to fill the $800M NJ budget gap? Reduce the proposed pension payment or raise millionaires tax?
You had to know this was coming.
Governor Christie today announced that he was planning to cut pension payments to the seriously underfunded system in order to plug the 800 million dollar hole in the budget which has to be passed by June 30th...