NJ Pension Payment on Budget Block Again?

Governor Phil Murphy held a pep rally for tax hikes today and one of the questions was whether the pension payment could be the line item vetoed this Saturday to get the budget balanced. Chris Christie did it with his first budget cutting out a scheduled $3.1 billion payment for FY11.

Here is the full briefing:


And here is the Q&A on the $3.2 billion scheduled pension payment for FY19:

Last chance:


5 responses to this post.

  1. Posted by NJ2AZ on June 25, 2018 at 11:20 pm

    still not sure how $3.2B is pulling 41%…y’all have a lot of faith


  2. Posted by MJ on June 26, 2018 at 6:09 am

    John, whatever happened to the NJ Lottery proceeds going towards the pensions?


  3. Murphy should never have caved on the reduction in the expected return. Generation Greed legislators decided he would be another Christie and be willing to kick the can in the hopes of getting out of office before the final collapse.


    • Posted by NJ2AZ on June 26, 2018 at 4:29 pm

      For Murphy’s sake he better home he’s a one term.

      possible the house of cards collapses sooner, but i’m guessing the 2022 Governor of NJ is going to live in infamy as the captain at the helm when the ship goes down.

      if the GOP were smart (which they aren’t), they wouldn’t even oppose Murphy next election. Let the democrats own whats going to happen.


      • Posted by dentss dunnigan ... on June 27, 2018 at 9:30 am

        They (GOP)really didn’t really offer a realistic candidate last year …Only way to keep the states head above water now is to grow revenue through growth ..with the state looking to raise taxes on business and higher tax on Millionaires revenue growth was just thrown out the window …


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: