Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Christie Says He’s Counting on Court to Back Budget Fix

New Jersey Governor Chris Christie said he’s counting on a court ruling to back his decision to cut pension contributions to balance the budget.

Christie, speaking yesterday in his monthly “Ask the Governor” program on WKXW-FM in Hamilton, said he doesn’t know what he’ll do if the New Jersey court rules that he must reinstate payments in a lawsuit filed by state troopers.

The 51-year-old Republican governor reversed course on his pledge to raise pension payments this year and next after revenue estimates fell short by as much as $875 million.

“I proposed what was necessary to do if we’re going to have a constitutionally balanced budget, given the failure of both the treasurer’s office and the Office of Legislative Services to accurately project revenue,” Christie said. “There are no alternatives.”

He said he assumes the state would appeal any adverse ruling and doesn’t anticipate a government shutdown.

Unions representing current and former troopers, led by the State Troopers Fraternal Association of New Jersey, asked Judge Mary C. Jacobson to block the reductions as a violation of state law.

The governor said he’s discussing pension changes with leaders of the Democratic-controlled legislature including Senate President Stephen Sweeney of West Deptford and Assembly Speaker Vincent Prieto of Secaucus. He declined to disclose details of the talks.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.