Behind Christie’s Budget Claims, a More Controversial Legacy

IMG_3433TRENTON, N.J. – In his “tell-it-like-it-is” tour of New Hampshire this week, New Jersey Gov. Chris Christie said the country needs a president who isn’t afraid to be honest about the tough fiscal choices needed to overhaul entitlement programs and keep deficits from ravaging the Treasury. He pointed… Read the rest of this entry »

Posted: April 17th, 2015 | Author: | Filed under: 2016 Presidential Politics, Chris Christie, New Jersey, New Jersey State Budget | Tags: , , , | No Comments »

N.J. credit rating cut record ninth time as Moody’s cites pension shortfall

IMG_5189TRENTON — Moody’s Investors Service has downgraded New Jersey’s debt rating, dealing the Garden State its record ninth ratings cut since Gov. Chris Christie took office. The ratings drop by one notch, from A1 to A2, on $32.2 billion worth of bonds underscores the state’s “weak financial position and large structural imbalance, primarily related to continued… Read the rest of this entry »

Posted: April 17th, 2015 | Author: | Filed under: 2016 Presidential Politics, Chris Christie, Economy, Moodys, New Jersey State Budget | Tags: , , , , , | 1 Comment »

Company hired by Christie to run N.J. lottery misses revenue goal by $64M

assetContent (65)When Chris Christie privatized New Jersey’s lottery two years ago, he said its new overseers would “modernize and maximize” the games. Instead, a lottery once ranked among the nation’s top performers is now lagging for the second straight year, trailing its state income targets by $64 million seven months into the current fiscal year. Meanwhile, the… Read the rest of this entry »

Posted: April 1st, 2015 | Author: | Filed under: Chris Christie, David Samson, New Jersey State Budget | Tags: , , | 2 Comments »

Watch Christie’s Budget Address Live

Faced with an unexpected Court Order yesterday requiring a pension payment of $1.57 billion by the end of June and with a national media glare upon him, Governor Chris Christie will deliver his Annual Budget Address to a joint session of the New Jersey Legislature this afternoon at 2 p.m.

You can watch the address here live, courtesy of NJTV and Youtube:

 

Posted: February 24th, 2015 | Author: | Filed under: Chris Christie, New Jersey, New Jersey State Budget, News, NJ State Legislature | Tags: , , , | Comments Off

N.J. lawmakers warn of ‘draconian’ budget cuts after judge’s pension decision

assetContent (32)TRENTON — New Jersey lawmakers warned of potential “draconian” budget cuts to come up with $1.57 billion if the state is forced to make a full pension payment this year. A state Superior Court judge ruled today that unions are entitled to that payment as part of a 2011 pension overhaul law passed by the Democratic-led… Read the rest of this entry »

Posted: February 24th, 2015 | Author: | Filed under: Chris Christie, New Jersey, New Jersey State Budget, NJ Judiciary, NJ State Legislature, Pensions | Tags: , , , , , | Comments Off

Judge rules Christie must restore $1.5B cut to pension payments in N.J. budget

Christie decries pension ruling as ‘liberal judicial activism’

assetContent (44)TRENTON — In a blow to Gov. Chris Christie a day before he reveals his latest state budget proposal, a state judge ruled today that the governor must restore a $1.57 billion cut he made to public worker pension payments in New Jersey’s current budget. Superior Court Judge Mary Jacobson sided with a group of public… Read the rest of this entry »

Posted: February 23rd, 2015 | Author: | Filed under: Chris Christie, Christie Administration, New Jersey State Budget, News, NJ Courts, NJ Judiciary | Tags: , , , | 4 Comments »

Will Christie offer pension, transportation fixes in coming budget?

TRENTON — In two days, Gov. Chris Christie will go before the state Legislature and present a budget with repercussions for his own presidential ambitions and New Jersey’s financial fitness. Both are in the grips of ailing infrastructure and pension systems that are expected to dominate the upcoming budget process. Endorsing an unpopular gas tax increase… Read the rest of this entry »

Posted: February 22nd, 2015 | Author: | Filed under: Chris Christie, New Jersey, New Jersey State Budget | Tags: , , , , , | Comments Off

Christie tells N.J. business leaders he will work to make state more affordable

WASHINGTON — Gov. Chris Christie drew a fresh line against raising new taxes in a speech tonight to New Jersey’s business community. “As long as I’m here, we’re not going to make the state less affordable,” Christie said in delivering the keynote address at the 78th annual New Jersey Chamber of Commerce congressional dinner, part of… Read the rest of this entry »

Posted: February 19th, 2015 | Author: | Filed under: 2016 Presidential Politics, Chris Christie, Christie Administration, Economy, New Jersey, New Jersey State Budget, News | Tags: , , , , , , | 4 Comments »

N.J. pension fund earned 7.3 percent in 2014, but it remains in a big hole

assetContent (38)TRENTON — New Jersey’s pension fund earned 7.3 percent on its investments last year, which state officials said beat market expectations. But those gains didn’t live up to the 7.9 percent annual rate experts say is needed to keep troubled pension fund from adding to its liabilities. The investments returned 7.27 percent, but were hurt largely… Read the rest of this entry »
Posted: February 1st, 2015 | Author: | Filed under: New Jersey, New Jersey State Budget, News | Tags: , , | Comments Off

Tax amnesty program helps N.J. revenue beat Christie projections

assetContent (34)TRENTON — With some help from a year-end tax amnesty program, New Jersey’s tax collections in the first half of the fiscal year grew beyond the rate required for the state to stay on budget, according to a treasurer’s report released today. Nearly $2.7 billion in lottery, income tax, sales tax and other revenues flowed into… Read the rest of this entry »
Posted: January 23rd, 2015 | Author: | Filed under: Chris Christie, Christie Administration, New Jersey State Budget, Taxes | Tags: , , , | Comments Off