Christie's New NJ Budget: $34.4B Spending Plan Tackles Pension Payments But Not Tax Cut
February 26, 2014


By Jenna Portnoy and Salvador Rizzo/The Star-Ledger

TRENTON — There was no talk of a Jersey comeback, no bold calls for tax cuts. And no raucous applause.

A reserved Gov. Chris Christie on Tuesday proposed a $34.4 billion state budget and delivered a dire warning — complete with a line from Gandhi and a cautionary tale about bankruptcy in Detroit — that the state faces fiscal doom without another overhaul of the public workers’ retirement fund.

Christie promised to make the full $2.25 billion pension payment in his spending plan. But he conceded that the pension changes he trumpeted three ...

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