The Biggest Surprise Of The Year For The New Jersey Shore
New Jersey Gov.
Chris Christie’s budget proposal has been unveiled, but it could have a major impact on the state’s economy.
The state has $1.1 trillion in unfunded pension liabilities and the governor has been calling for a plan to address them.
Christie’s proposal is expected to create about 2,300 jobs and create about $1 billion in new revenue over 10 years.
The proposal also calls for an increase in the state pension age to 65 for New Jerseyans.
The plan will include a tax credit of up to $200 for those making less than $100,000.
According to the state Department of Commerce and Economic Development, about 5,000 jobs would be created as a result of the governor’s plan.
It will also include $4 billion to help local governments create more opportunities for young workers, $1 million to increase access to mental health services for those under 40, and $3 billion to create jobs in childcare and elder care.
It also includes $1 trillion for the state of New Jersey to make its infrastructure more efficient.
Christie has been criticized for being too vague and not providing specifics on how he will pay for the changes, which would come on top of $2.2 billion already spent on infrastructure over the next 10 years, the governor announced on Monday.