Governor Chris Christie is set to announce his budget proposal today which could lead to even more scrutiny from critics after recent reports show that New Jersey is $78.4 billion in debt.
Essex County Freeholder Brendan Gill chimed in to discuss the amount of debt that New Jersey is currently in and what this means for the governor.
“We have a serious issue of debt, we have revenue projections again throughout this administration which have been extremely rosy and they haven’t been met and now we have a situation where at least from everything we’re hearing the governor is going to be advocating for a tax cut, so I’m not sure at this time how we’re going to be able to be talking and pushing for a tax cut when we still have the problem where we’re not collecting enough revenue in this state to pay for our current expenses and expenditures,” he said.
Many could argue that most of this deficit has to do with state workers’ pensions and health benefits. Gill thinks that it has more to do with promises the governor failed to make.
“I think Senate President Sweeney has made it very clear that he expects the pension to be fully funded and those pension payments to be made. As a result, especially of the governor’s budget from two-years ago, this is why we’re in this position. The governor said over the course of time that we would maintain our commitments,” he said.
Ironically, the state of New Jersey is the largest single employer in the state of New Jersey employing 103,250 workers in 2013 alone.Watch Chasing New Jersey weeknights at 10pm on My9 and don’t forget to like us on Facebook!