Christie Signs Budget, Slashes Proposed 2016 Pension Payment

On Friday, New Jersey Gov. Chris Christie signed a budget that left $1.3 billion for pension payments in 2016 – about one-third of the actuarially required contribution.

The budget submitted to Christie had the state making its full payment of $3.1 billion; but that payment was funded by tax increases, which Christie promptly cut out of the budget.

In the video above, Christie talks about his stance on raising taxes to fund pensions.

Read more about the latest budget on NJ.com.

Feature Photo By Walter Burns [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons