BY ABBIE SARFO
Fiscally, New Jersey is pushing up daisies. In a study released by the Mercatus Center at George Mason University, Jersey ranks dead last in terms of state fiscal health, investors.com reports.
This news comes right on the heels of Governor Chris Christie’s proposed $34.4 billion budget. If approved, it would be the largest budget in New Jersey history, according to nj1015.com.
Both the Mercatus ranking and Christie’s proposal are indicative of New Jersey’s untenable economic practices. In particular, the cost of funding pensions has become a source of economic (and political) contention.