The Transportation Trust Fund is set to run out of money at the end of this fiscal year, June 30, to pay for roads and bridge repairs. But Gov. Chris Christie said nothing about it during his budget address Tuesday.
New Jersey Gov. Chris Christie on Tuesday proposed a massive restructuring of the public employees’ pension system as he presented a budget proposal for the upcoming fiscal year that does not respond to a judge’s ruling calling on the state to put an additional $1.57 billion into the system in the current fiscal year.
The $34.4 billion state budget New Jersey Gov. Chris Christie proposed Tuesday makes a required $2.25 billion payment to the public worker pension fund without raising taxes but leaves virtually nothing left over to fund major new programs or initiatives.
New Jersey’s governor gave his budget address on the heels of a poll showing he is more popular than ever. He pointed out he’s doing something federal lawmakers are not – reaching across the aisle to Democrats.