NJ is expecting up to $200 million in extra revenue

Gov. Chris Christie's administration says New Jersey now expects to collect up to $200 million in additional revenue between now and June 30. Christie is proposing to use the windfall toward pensions

News 12 Staff

May 6, 2015, 3:08 AM

Updated 3,302 days ago

Share:

NJ is expecting up to $200 million in extra revenue
Gov. Chris Christie's administration says New Jersey now expects to collect up to $200 million in additional revenue between now and June 30.
Christie is proposing to use the windfall toward pensions for public workers.
The additional sum, if achieved, is still just one-eighth of the nearly $1.6 billion that a Superior Court judge ordered lawmakers to pay into the system after more than a dozen public sector unions sued.
The administration has appealed and arguments in the case are scheduled to be heard by the state Supreme Court Wednesday.
A spokesman for Christie says the governor is committed to making as large a pension payment as possible. But Christie says the state can't afford the full sum he had agreed to during his first term.


More from News 12
2:16
Route 71 bridge in Monmouth County remains closed as Memorial Day weekend approaches

Route 71 bridge in Monmouth County remains closed as Memorial Day weekend approaches

Mostly sunny skies today in New Jersey ahead of major midweek warmup

Mostly sunny skies today in New Jersey ahead of major midweek warmup

0:38
Police: Manchester Township driver ejected from motorized bike following crash into SUV

Police: Manchester Township driver ejected from motorized bike following crash into SUV

2:31
Made In New Jersey: Buy or make your own candles at Brighter Days in Marlboro

Made In New Jersey: Buy or make your own candles at Brighter Days in Marlboro

1:35
New Jersey joins Click it or Ticket seat belt campaign. Here's what you should know.

New Jersey joins Click it or Ticket seat belt campaign. Here's what you should know.

0:16
Police: Driver killed in Jefferson Township car crash on Route 15

Police: Driver killed in Jefferson Township car crash on Route 15

0:23
Dead dolphin washes ashore in Long Branch

Dead dolphin washes ashore in Long Branch

0:27
Pacers set NBA playoff shooting mark, top Knicks 130-109 in Game 7 to make Eastern Conference finals

Pacers set NBA playoff shooting mark, top Knicks 130-109 in Game 7 to make Eastern Conference finals

1:52
Prosecution gears up for week 2 of Sen. Bob Menendez’s bribery trial

Prosecution gears up for week 2 of Sen. Bob Menendez’s bribery trial

Your New Jersey Graduation Photos

Your New Jersey Graduation Photos

2:41
Lantern ceremony in Montclair honors Asian community who faced violence and injustice

Lantern ceremony in Montclair honors Asian community who faced violence and injustice

1:53
Tour de Elizabeth takes cyclists through New Jersey's fourth-largest city

Tour de Elizabeth takes cyclists through New Jersey's fourth-largest city

0:30
Coast Guard boards anchored shipping vessel in Manasquan; no violations

Coast Guard boards anchored shipping vessel in Manasquan; no violations

0:23
Police: Haddonfield man faces charges for arson, stalking and vandalism

Police: Haddonfield man faces charges for arson, stalking and vandalism

0:17
Authorities: George Washington Bridge climber in custody

Authorities: George Washington Bridge climber in custody

1:42
Jersey Creators Market event in Jersey City brings street designers from all over Garden State

Jersey Creators Market event in Jersey City brings street designers from all over Garden State

1:45
 Missed swim lessons due to COVID-19 may be contributing to rise in child drownings

Missed swim lessons due to COVID-19 may be contributing to rise in child drownings

1:40
Red Bank's Broad Walk summer festival returns to downtown

Red Bank's Broad Walk summer festival returns to downtown

2:08
Residents get rid of junk during citywide ‘Love Newark, Keep It Clean’ campaign

Residents get rid of junk during citywide ‘Love Newark, Keep It Clean’ campaign

1:19
Bus catches fire on Garden State Parkway near Wall Township

Bus catches fire on Garden State Parkway near Wall Township