Gov. Christie pleaded with the U.S. Congress in order to pass the relief fund of $60.4 billion to help victims in New Jersey who were affected by Superstorm Sandy
on October 29, 2012. During the annual Republican's State of the State address, Gov. Christie appealed to lawmakers from eight other states that had previously received federal disaster funds for other emergencies in order to gain support to pass the legislation presented to help victims of Sandy.
The state of New Jersey was approved late on Friday for a total of $9.7 billion to aid victims from the Superstorm. A second vote is planned for January 15, 2013, which will hopefully secure the remainder of the $60.4 billion to assist those affected.
According to Reuters
, "Christie touted accomplishments made largely by working with the Democrat-led state legislature: balanced budgets, no new taxes, and the creation of 75,000 new private sector jobs, as well as public pension reforms and a new 2 percent property tax cap."We are recovering and growing, not declining and descending," he said in prepared remarks."
This statement was met with resentment from Democrats who proclaim that Christie's speech did not address the critical unemployment rate in the state of New Jersey. In November 2012, the unemployment rate grew to 9.6-percent; the fourth highest in the nation, demonstrating a shortfall on growing revenue.
Democrats also demonstrated that Christie's across-the-board state income tax introduced last year could present a fall of $705 million from the projected revenues collections for 2013 if the high level of growth predicted by Gov. Christie is not met.
In addition to the growing number of unemployed individuals living in New Jersey, the state also boosts the second highest foreclosure rating in the country, which stood at 7-percent of mortgages in November 2012. The negative effects on the economy were present in New Jersey before Sandy struck, demonstrating that the economy had barely budged during Christie's tenure.
Gov. Christie already stated
that he will kick of his campaign soon for his second term as governor in New Jersey. He is also rumored to become a Republican candidate in the 2016 Presidential election.