WASHINGTON, D.C. – February 25, 2015 – (RealEstateRama) — On February 24, Gov. Chris Christie presented his Fiscal Year 2016 budget proposal to a joint session of the New Jersey State Legislature. In his speech, Christie announced his proposed budget for the next fiscal year totals $33.8 billion and contains a 3.8 percent revenue increase due to an uptick in state economic activity leading to higher generation of state revenues. The Governor also indicated his budget proposal contains an additional $1.3 billion pension payment and calls for additional pension and benefit reforms.
More info...
