TRENTON — New Jersey lawmakers warned of potential “draconian” budget cuts to come up with $1.57 billion if the state is forced to make a full pension payment this year. A state Superior Court judge ruled today that unions are entitled to that payment as part of a 2011 pension overhaul law passed by the Democratic-led…
Posted: February 24th, 2015 | Author: admin | Filed under: Chris Christie, New Jersey, New Jersey State Budget, NJ Judiciary, NJ State Legislature, Pensions | Tags: Chris Christie, Jay Webber, Jon Bramnick, Judge Mary Jacobson, NJ Pension Payments, NJ State Budget Deficit | Comments Off on N.J. lawmakers warn of ‘draconian’ budget cuts after judge’s pension decision