Saturday, April 18, 2015

Chris Christie’s Budget ‘Sins’ - ProPublica

In pledging to fix New Jersey’s ailing finances, Gov. Chris Christie promised to avoid one-time budget fixes he called “sins of the past.”  A review by ProPublica and The Washington Post shows he’s committed some of the same sins – and some new ones.

Underfunding Pensions

How it worked: Christie has paid $2.2 billion into the state’s pension funds so far, less than agreed to under a landmark 2011 pension reform he championed.
Results: Because of skipped payments by Christie and predecessors, forecasts say the pension funds will run out of money by 2032.
Chris Christie’s Budget ‘Sins’ - ProPublica

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