Gov. Christie to propose NJ budget amid fiscal pressure

Gov. Chris Christie faces sharply higher retiree costs, mounting debt and disappointing revenue collections as he proposes a state budget for the fiscal year that

Gov. Christie to propose NJ budget amid fiscal pressure

Gov. Christie to propose NJ budget amid fiscal pressure (2/25/14)

TRENTON - Gov. Chris Christie will again take aim at what he calls the 'exploding' costs of public employee pensions and health care in his fifth annual budget message.

The speech is scheduled for this afternoon. News 12 New Jersey will carry the event live on-air and online.

In excerpted remarks released today by the administration, Christie says pension reforms enacted during his first term don't go far enough.

Those changes require public employees to pay more for benefits and forced the state to pay into the fund after years of skipping payments.

Christie plans on making a record $2.25 billion contribution to the fund.

The excerpts do not specify what additional reforms the governor will propose.

But he's expected to link entitlement costs to an inability to fund university research and K-12 education.

AP wire services contributed to this report.

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