Following Governor Christie’s signature of a public worker pension and benefits overall estimated to save $120 billion over the next three decades, Senator Tom Kean, Jr. said that long awaited relief for taxpayers has finally arrived in New Jersey:
Today, state government has reaffirmed that it works for the taxpayers and not the reverse- taxpayers working to sustain a government they cannot afford.
This law provides sustainable, long term relief that doesn’t rely on the gimmicks of the past. It does so the right way- containing the cost of government and passes the savings along to the most highly taxed people in America- New Jersey residents.
It achieves these savings- all $120 billion- by putting the middle class’s interest first. Hard working private sector workers should not be asked to sustain system more generous than what they enjoy themselves. And hard working public employees deserve better than to be made promises that cannot be kept without bankrupting their pension and benefits systems.
This was a difficult choice that needed to be made in order to save our state. While there will no doubt be some who are upset by change in the short term, history will show that this is the day we put New Jersey back on the path to fiscal sanity.