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New Jersey's Fiscal HealthThen Vs. Now

Governor Christies Bold, Bipartisan Action Has Led New Jersey Out Of The Mess It Was In Two Years AgoAnd Set The Stage For The Jersey Comeback

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THEN

In 2009 Alone, New Jersey Had Shed Over 117,000Private-Sector Jobs. (Bureau Of Labor Statistics, www.bls.gov,Accessed:1/5/12)

NOSince Governor Christie Took Office, New Jersey Ha

Added Over 62,000 Private-Sector Jobs And ThUnemployment Rate Has Declined From 9.8 Percent T

9.1 Percent.(New Jersey Department of Labor and Workforce DevelopmeAccessed: 1/3/

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THENWhen Governor Christie Took Office, New Jersey WasRunning A Current Deficit Of $2.2 Billion, And Faced An

$11 Billion Structural Deficit In FY 2011.(FY2010 Budget Solutionsas a Foundation for Reform,Press Release, 2/11/10) NO

Governor Christie Closed The Combined $13 Billion Deficits Without Raising Taxes. (Governor Christie Signs Historic FY20

Budget Closing $11 Billion Shortfall Without Raising Taxes,Press Release, 6/29/_____________________________________________________________

THENNew Jerseys Highest In The Nation Property Taxes HadIncreased More Than 70 Percent Since 1999. (Claire Heininger &Chris Megerian, N.J. Property Taxes Climb 70 Percent In 11 Years, Remain Highest InU.S.,Star Ledger, 2/26/10)

NOIn July 2010, Governor Christie Signed A 2 Percent HaCap On Property Taxes.In 2011, New Jers

Homeowners Saw The Smallest Increase In ProperTaxes In Nearly Two Decades.(Claire Heininger, N.J. Gov. Chri

Signs 2 Percent Property Tax Cap Bill, Star Ledger, 7/13/10; Megan DeMarco & ESagara, Did N.J. Property Tax Reform Help Most Taxpayers? Star Ledger, 1/8/

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THENBy 2010, New Jerseys Unfunded Pension Liability HadClimbed To $54 Billion, And The Health Benefits LiabilityWas Nearly $67 Billion Putting An Overwhelming Burden

http://data.bls.gov/timeseries/LASST34000003http://data.bls.gov/timeseries/LASST34000003http://data.bls.gov/timeseries/LASST34000003http://lwd.state.nj.us/labor/lwdhome/press/20111216_unemployment_release.htmlhttp://lwd.state.nj.us/labor/lwdhome/press/20111216_unemployment_release.htmlhttp://www.state.nj.us/governor/news/news/552010/approved/20100211c.htmlhttp://www.state.nj.us/governor/news/news/552010/approved/20100211c.htmlhttp://www.state.nj.us/governor/news/news/552010/approved/20100211c.htmlhttp://www.state.nj.us/governor/news/news/552010/approved/20100629e.htmlhttp://www.state.nj.us/governor/news/news/552010/approved/20100629e.htmlhttp://www.state.nj.us/governor/news/news/552010/approved/20100629e.htmlhttp://www.nj.com/news/index.ssf/2010/02/nj_property_taxes_climb_70_per.htmlhttp://www.nj.com/news/index.ssf/2010/02/nj_property_taxes_climb_70_per.htmlhttp://www.nj.com/news/index.ssf/2010/02/nj_property_taxes_climb_70_per.htmlhttp://www.nj.com/news/index.ssf/2010/07/gov_christie_signs_2_percent_p.htmlhttp://www.nj.com/news/index.ssf/2010/07/gov_christie_signs_2_percent_p.htmlhttp://www.nj.com/news/index.ssf/2010/07/gov_christie_signs_2_percent_p.htmlhttp://www.nj.com/news/index.ssf/2012/01/nj_property_tax_increase.htmlhttp://www.nj.com/news/index.ssf/2012/01/nj_property_tax_increase.htmlhttp://www.nj.com/news/index.ssf/2012/01/nj_property_tax_increase.htmlhttp://www.nj.com/news/index.ssf/2012/01/nj_property_tax_increase.htmlhttp://www.nj.com/news/index.ssf/2010/07/gov_christie_signs_2_percent_p.htmlhttp://www.nj.com/news/index.ssf/2010/02/nj_property_taxes_climb_70_per.htmlhttp://www.state.nj.us/governor/news/news/552010/approved/20100629e.htmlhttp://www.state.nj.us/governor/news/news/552010/approved/20100211c.htmlhttp://lwd.state.nj.us/labor/lwdhome/press/20111216_unemployment_release.htmlhttp://data.bls.gov/timeseries/LASST34000003

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On Municipalities And Taxpayers. (Matt Friedman & Ginger Gibson,Unfunded N.J. pension liability grows to $53.9B,Star-Ledger, 12/23/10)

NOGovernor Christie Signed Sweeping Bipartisan Pensio

And Benefits Reform That Will Save New JerseTaxpayers $120 Billion Over The Next 30 Years.(Governor C

Christie, Governor Christie Signs Into Law Bold, Bipartisan Pension and Health BeneReform,Press Release, 6/28/

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THENIn 2009, New Jersey Had The Highest State-Local TaxBurden In The Nation And Had Been Ranked As TheWorst State Business Tax Climate For 4 ConsecutiveYears.(State-Local Tax Burdens and Ranks by State, 2009, The Tax Foundation,2/23/11)

NOGovernor Christie Has Proposed A 10 Percent Income Ta

Cut Across The Board And A Full Restoration Of ThEarned Income Tax Credit To Bring Tax Relief To Eve

New Jerseya

http://www.nj.com/news/index.ssf/2010/12/nj_pension_shortfall_grows_mor.htmlhttp://www.nj.com/news/index.ssf/2010/12/nj_pension_shortfall_grows_mor.htmlhttp://www.nj.com/news/index.ssf/2010/12/nj_pension_shortfall_grows_mor.htmlhttp://www.state.nj.us/governor/news/news/552011/approved/20110628B.htmlhttp://www.state.nj.us/governor/news/news/552011/approved/20110628B.htmlhttp://www.state.nj.us/governor/news/news/552011/approved/20110628B.htmlhttp://www.taxfoundation.org/taxdata/show/27063.htmlhttp://www.taxfoundation.org/taxdata/show/27063.htmlhttp://www.taxfoundation.org/taxdata/show/27063.htmlhttp://www.taxfoundation.org/taxdata/show/27063.htmlhttp://www.state.nj.us/governor/news/news/552011/approved/20110628B.htmlhttp://www.nj.com/news/index.ssf/2010/12/nj_pension_shortfall_grows_mor.html