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.
When U.S. Sen. Cory Booker addressed a group of New Jersey Chamber of Commerce Cornerstone members in Trenton on July 25, he touched on issues ranging from fiscal policy in Congress, the Middle East, the Affordable Care Act and America's standing in an increasingly competitive world.
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.
Business leaders and legislators appeared on the State House steps this morning to warn that a proposal to increase income taxes would hurt New Jersey's economy and job growth - essentially chasing high-income earners, and the taxes they pay, to more tax friendly states like Florida and Pennsylvania.
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.
Hundreds of business leaders, legislators and state department heads packed the galleries and the outdoor pavilions of the New Jersey State Museum in Trenton on June 12 for the New Jersey Chamber of Commerce's 17th Annual Open House. It was the second consecutive year the event was held away from our Trenton offices - a result of the growing popularity of the event. As always, there was great food, drink and ample networking opportunities for everyone.
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.