Governor Chris Christie will deliver his FY 2015 budget address on Tuesday afternoon at 2:00 p.m., Save Jerseyans, a speech which pre-released excerpts suggest could amp up the battle over tax and pension reforms in Trenton.
What gets cut (not much)? What doesn’t (too much)? There is NO tax cut in this proposal but the Democrats have boosted new taxes in recent weeks.
This year’s proposal is $1.6 billion bigger than the FY 2014 budget driven in large part by a heftier pension payment, one that’s larger than the contributions of the last five governors combined; the Governor’s address notes that “94 percent of that increase –virtually all of it — is taken up by three things: pensions, health benefits, and debt.”
Will Democrats cooperate with the Governor’s pitch or dig in and try to score points against a wounded Republican opponent?
You can watch LIVE below the fold and find out beginning at 2:00 p.m… we also have text of the Governor’s address as prepared for delivery…