Plan to link lottery revenue to pensions goes to lawmakers
Posted: Updated:A plan to link revenue from the New Jersey State Lottery to the pension fund is heading to state lawmakers.
Gov. Chris Christie has for months promoted the idea of handing control of the state lottery's assets to the pension funds as a way to guarantee cash flows into the funds and to reduce unfunded liabilities.
A bipartisan bill to make the change was introduced in the state Legislature this week, about two weeks before lawmakers are required to pass the budget for the upcoming budget year.
Gov. Christie's administration has said it will generate an average of more than $1 billion each year for the pension funds.
One municipal bond analyst says she's not sure how much the move would boost the pension funds' health.
The Associated Press wire services contributed to this report.
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Mom’s tweets about health care go viral
Mom’s tweets about health care go viral
A Middlesex County mother’s tweets about her young son’s heart surgeries and health care have gone viral.
A Middlesex County mother’s tweets about her young son’s heart surgeries and health care have gone viral.
Gov. Christie not worried about government shutdown
Gov. Christie not worried about government shutdown
New Jersey Statehouse Sept. 15, 2016. Caption
Gov. Chris Christie says he's not worried about the prospects of shutting down the government as a stalemate between the Republican and lawmakers over whether to overhaul the state's largest health insurer persists.
Gov. Chris Christie says he's not worried about the prospects of shutting down the government as a stalemate between the Republican and lawmakers over whether to overhaul the state's largest health insurer persists.
Christie won't 'light' self on fire over GOP health proposal
Christie won't 'light' self on fire over GOP health proposal
Gov. Chris Christie says he's not going to Washington to "pour gasoline" on himself and "light" himself on fire to register his concern over the Senate GOP's health care overhaul bill.
Gov. Chris Christie says he's not going to Washington to "pour gasoline" on himself and "light" himself on fire to register his concern over the Senate GOP's health care overhaul bill.
Facing defections, Senate GOP leaders delay health care vote
Facing defections, Senate GOP leaders delay health care vote
Senate Republican leaders shelved a vote on their prized health care bill Tuesday until at least next month.
Senate Republican leaders shelved a vote on their prized health care bill Tuesday until at least next month.
Budget office: Senate health bill adds 22 million uninsured
Budget office: Senate health bill adds 22 million uninsured
Senate Republicans skeptical about a GOP health overhaul bill are expressing some doubt about holding a vote this week.
Senate Republicans skeptical about a GOP health overhaul bill are expressing some doubt about holding a vote this week.
Ruling in travel ban leaves myriad questions unanswered
Ruling in travel ban leaves myriad questions unanswered
The Supreme Court's ruling to allow President Donald Trump's travel ban go forward in part leaves more questions than it answers.
The Supreme Court's ruling to allow President Donald Trump's travel ban go forward in part leaves more questions than it answers.
Trump travel ban partly reinstated; fall court arguments set
Trump travel ban partly reinstated; fall court arguments set
(AP Photo/J. Scott Applewhite, File) FILE - This Jan. 25, 2012, file photo, shows the U.S. Supreme Court Building in Washington.
The action Monday is a victory for President Donald Trump in the biggest legal controversy of his young presidency.
The action Monday is a victory for President Donald Trump in the biggest legal controversy of his young presidency.
Some NJ residents concerned about GOP health care plan
Some NJ residents concerned about GOP health care plan
Senate Majority Leader Mitch McConnell has unwrapped his plan for dismantling President Barack Obama's health care law.
Senate Majority Leader Mitch McConnell has unwrapped his plan for dismantling President Barack Obama's health care law.
Newark mayor launches re-election campaign
Newark mayor launches re-election campaign
The mayor of New Jersey’s largest city announced his re-election campaign Thursday.
The mayor of New Jersey’s largest city announced his re-election campaign Thursday.
No tapes: Trump says he didn't record meetings with Comey
No tapes: Trump says he didn't record meetings with Comey
(AP Photo/Evan Vucci) President Donald Trump speaks during the "American Leadership in Emerging Technology" event in the East Room of the White House, Thursday, June 22, 2017, in Washington.
President Donald Trump says he "did not make" and doesn't have any recordings of his private conversations with James Comey _ his fired FBI director.
President Donald Trump says he "did not make" and doesn't have any recordings of his private conversations with James Comey _ his fired FBI director.
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Mom’s tweets about health care go viral
Mom’s tweets about health care go viral
A Middlesex County mother’s tweets about her young son’s heart surgeries and health care have gone viral.
A Middlesex County mother’s tweets about her young son’s heart surgeries and health care have gone viral.
Forecast: Sunny, warm Wednesday ahead
Forecast: Sunny, warm Wednesday ahead
Wednesday should see mostly sunny skies with temperatures in the low-80s.
Wednesday should see mostly sunny skies with temperatures in the low-80s.
2017 Guide: Where to see fireworks in New Jersey
2017 Fourth of July Guide: Where to see fireworks in New Jersey
Check out this list of locations to see fireworks this Fourth of July!
Check out this list of locations to see fireworks this Fourth of July!
Ringwood detective saves bear cub
Ringwood detective saves bear cub
A Ringwood police detective saved a bear cub that was caught in a net.
A Ringwood police detective saved a bear cub that was caught in a net.
Father fights for new law to protect disabled
Father fights for new law to protect disabled
Thousands of disabled New Jersey residents could get more protection if Gov. Chris Christie signs a new bill into law.
Thousands of disabled New Jersey residents could get more protection if Gov. Chris Christie signs a new bill into law.
Justices to review New Jersey bid for legal sports betting
Justices to review New Jersey bid for legal sports betting
FILE - In this Feb. 13, 2016, file photo, people stand on the steps of the Supreme Court at sunset in Washington.
The Supreme Court will take up New Jersey's bid to allow sports betting at its casinos and racetracks.
The Supreme Court will take up New Jersey's bid to allow sports betting at its casinos and racetracks.
Keansburg’s Dixie Lee Bakery set to close
Keansburg’s Dixie Lee Bakery set to close
A bakery that has been open in Keansburg for 85 years is set to close, unless a new owner can be found.
A bakery that has been open in Keansburg for 85 years is set to close, unless a new owner can be found.
26 Bergen County officers laid off amid cuts
26 Bergen County officers laid off amid cuts
Twenty-six officers who were laid off from the now-defunct Bergen County Police Department turned in their equipment Monday.
Twenty-six officers who were laid off from the now-defunct Bergen County Police Department turned in their equipment Monday.
Lawsuit against TD Bank would shell out millions
Lawsuit against TD Bank would shell out millions
A class-action lawsuit filed against Camden-based TD Bank could shell out $7.5 million to customers in New Jersey, New York and Pennsylvania.
A class-action lawsuit filed against Camden-based TD Bank could shell out $7.5 million to customers in New Jersey, New York and Pennsylvania.
Family of Hoboken train crash victim files lawsuit
Family of Hoboken train crash victim files lawsuit
The family of a woman killed when a New Jersey Transit commuter train slammed into a station last year has filed a wrongful death lawsuit.
The family of a woman killed when a New Jersey Transit commuter train slammed into a station last year has filed a wrongful death lawsuit.
