The Bond Buyer
New Jersey pension lottery plan is gamble: MMA
New Jersey Gov. Chris Christie’s proposal to used dedicated state lottery revenues to boost its underfunded pension system is not a viable solution, according to Municipal Market Analytics.
Christie has pushed the lottery plan since his February budget address arguing that that it would lead to an immediate $13 billion improvement in the pension fund’s unfunded liability. However, MMA partner Matt Fabian noted in a report released Tuesday that the proposal