A report showing New Jersey's poor track record at paying into its public pension system has come out just as Gov. Chris Christie navigates his latest proposal through a hostile Legislature to scale back a promised payment.
New Jersey will collect $2.75 billion less in revenue than Gov. Chris Christie originally anticipated through the end of the next fiscal year, but his treasurer told the Assembly Budget Committee on Wednesday that an argument could still be made for tax cuts.
He didn't make any specific suggestions, but during his budget address Gov. Chris Christie did seem to suggest that additional accommodations will have to be made by public sector workers when it comes to their pensions and benefits, because the state simply will not be able to afford to pay out those costs in the future.