NJ.COM: In a significant blow to Gov. Chris Christie, a judge ruled today that the governor broke a law he signed by cutting $1.57 billion from a pension payment this year, and must now work with state lawmakers to restore the money.
The decision could blow a massive hole in the current state budget, sending the Republican governor and the Democratic-controlled state Legislature scrambling to come up with the funds by June 30, when the fiscal year ends.
State Assembly Majority Leader Lou Greenwald said today he doesn’t know where they would find they money in this year’s $32.5 billion budget and warned it would take “draconian” cuts to accomplish… (more)
