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NJ Gov. Christie says he plans to seek 2nd term

November 26, 2012 RSS Feed Print

Christie's education reforms have been slower to accomplish, and Democrats have refused to budge on his signature issue for this year, a phased-in 10 percent tax cut. With tax collections underperforming the administration's projections and storm rebuilding threatening to eat further into revenues, Democrats are unlikely to waver on their position that the state can't afford the cut.

Christie's handling of the state's struggling economy, a potential Achilles heel, has taken a back seat to the storm recovery. But unemployment remains a stubborn 9.7 percent, or 1.6 percent above the national jobless rate, and it's too early to tell whether tax collections will rebound to match administration projections for the fiscal year that began in July.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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