There were hearings yesterday where New Jersey legislators were told that there the state might be able to scrape together another $200 million to put into a pension system that that has an accrued deficit of $166 billion (using realistic assumptions). But it gets weirder.
At the end of the njspotlight story on the hearings it is reported:
[Paul Sarlo] was also one of many lawmakers to offer [David] Rosen encouragement as he readies for retirement after a lengthy career as a legislative analyst.
“We cannot thank you enough,” Sarlo said. “This is a committee that is very grateful for your service.”
Yes, David Rosen, who just finished testifying that New Jersey is a fiscal basket case that will not be able to fund public pensions is being congratulated as he anticipates receiving his $82,000 annual pension for what might be a few months.
A lower court judge allowed the administration to cut one year’s payments but required Mr. Christie to work with lawmakers to comply with the law. The Supreme Court took up the case and heard oral arguments earlier this month. A decision is expected by the end of June.
June 30, 2015 is when that payment would be due. If true as to the timing then the decision is already made.
Then there was the politickernj story about a breakfast meeting set for 8:45 a.m. on June 4 for Republican state legislators at Drumthwacket:
“There was another breakfast meeting in January, and I can’t recall another time over the past four or five years that he’s had two breakfast meetings for legislators within a few months of each other,” the statewide Republican source said. “I anticipate that it’s either going to be about the budget fight, or it’s going to be about his future presidential race plans.”
Finally, there is yesterday’s Christie video which I felt needed another touch: