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
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NJ Revenues Fall Short For Fiscal 2012
By Donald C. Barbati on
Posted in Uncategorized
As reported by app.com, the New Jersey Legislature’s nonpartisan budget analyst reported Monday that the State’s revenue fell $254 million below projections for fiscal 2012, a number that Governor Chris Christie dismissed.
The figures released Monday by the Office of Legislative Services are not good news for New Jersey, but they are not …