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Whoever Replaces Chris Christie Faces Lingering Fiscal Headaches

  • Hazy plans from candidates for pensions, property-tax fixes
  • After eight years of cuts, calls for both slashing, spending
Bloomberg business news

Gov. Chris Christie: 'I Won't Be the Drug Czar'

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New Jersey’s next governor will be either an ex-Wall Street Democrat who would raise taxes to bolster spending, or Republican Chris Christie’s right-hand woman, who says she’d cut them as the state needs money more than ever.

Almost eight years after Christie took office vowing to restore fiscal integrity, New Jersey has yet to conquer its most pressing issues: the nation’s highest property taxes and worst-funded pension system. Whoever is elected Nov. 7 also will inherit crumbling mass transit and Christie’s record 11 downgrades by the three major credit-rating companies.