Gov. Chris Christie, a potential presidential contender looking to build some international credentials, kicked off a three-day trade mission to Mexico on Wednesday with talks that touched on national Republican priorities as well as meat-and-potato New Jersey business issues.
In a trip billed as vitally important to New Jersey’s economic interests, Chris Christie will be shaking hands with Mexico’s president and talking with CEOs from the country’s largest companies when he arrives Wednesday for a three-day trade mission.
PSE&G's $8.1 billion investment in its infrastructure in New Jersey will end up boosting the state's economy, creating thousands of jobs and generating revenue for the government, according a report released Wednesday.
Faced with a pension crisis that imperils both future budgets and his presidential ambitions, Gov. Chris Christie once again is turning to a commission to provide policy options and political cover.
During a television interview this morning, Gov. Chris Christie defended his decision to reduce payments to the public-worker pension system to balance the new state budget — and vowed to introduce more pension reforms at some point this summer.
Today is the deadline for Gov. Chris Christie to take action on the $34.1 billion state budget the state Legislature sent him Thursday, and lawmakers are bracing for what could be a series of vetoes.
The governor has pledged to redline a package of tax hikes designed by Democrats and opposed by Republicans and business lobbyists. The likely targets are a bill to raise the income tax for any earnings above $1 million during three years, and another bill that imposes a 15 percent corporate-tax surcharge for a year.
They assembled early at the State House, about 30 business leaders upset at the Democrats' call for tax hikes to balance the budget.
"We've had enough. The business community has had enough anti-business legislation," said New Jersey Chamber of Commerce President and CEO Thomas Bracken.
A large coalition of business groups, trade organizations and state legislators took to the Statehouse steps Tuesday in opposition to a budget proposal put forth by Senate and Assembly Democrats that would raise taxes on millionaires and businesses.
The deal struck to preserve the 2 percent cap on police and firefighter pay raises comes as a relief. Without it, New Jersey towns were at a real risk of losing the control over budgets and property taxes they’ve exercised since 2011.
We have a short-term budget problem in New Jersey but a much more serious long-term fiscal problem. We can debate solutions to both, but there is only one solution that has received unanimous support for bringing New Jersey back to economic health.
The unquestioned solution is job growth.