New Jersey Governor Christie Warns Of Possible Tax Increases
EVESHAM TOWNSHIP, N.J. (CBS) – During a town hall meeting in Evesham this past week, New Jersey Governor Chris Christie had a warning for residents throughout the state. A decision due shortly from the state’s highest court could have some dramatic effects on everyone.
It’s the ruling everyone under the golden dome in Trenton is waiting for. Will the state Supreme Court order an extra $1.7 billion in state funding for 33 financially challenged school districts?
If they do, Governor Christie says he’ll be left between the proverbial rock and hard place.
“Either we’re going to face massive tax increases to pay for this or we’re going to have massive cuts in spending,” he said.
How massive? Well, they could hike the sales tax from seven to nine percent, or cut all state aid to municipalities. Neither would cover the tab entirely and those are just examples, not plans at this point. But the Governor insists throwing more money at those schools hasn’t improved performance in the past and it would be foolish to do it again.
Reported by David Madden, KYW Newsradio