As reported by njspotlight.com, despite his threat to take “extreme measures” to control rising pension costs, Governor Chris Christie does not have the power to declare a fiscal “state of emergency” to make unilateral changes to the pension system, nor does New Jersey have the ability, like Detroit, to declare bankruptcy to get out from
funding
State’s Failure To Make Full Pension Payments Hinders Fund
By Donald C. Barbati on
Posted in Uncategorized
As reported by nj.com, public pension funds may have gotten a much-needed boost from Governor Chris Christie’s landmark overhaul last year, but reports released show the funds continue to be hampered by the State’s failure to make full payments into the plans.
Christie and Democratic leaders joined together last year and shifted …
Attorney General: State Police to Get Funding for New Troopers, Cars, Staff
By Donald C. Barbati on
Posted in Uncategorized
As reported by nj.com, despite a new round of public safety budget cuts, it could be a good year for the State Police. There will be new troopers, new cars and new civilian support staff in the upcoming budget year, Attorney General Paula Dow said.
Dow told the Senate Budget and Appropriations Committee …