In the spring, the Christie administration was predicting an $800 million shortfall in its $33 billion budget for fiscal year 2014. But that grew nearly twice as large by the end of the budget year, once all the bills were tallied, nearing $1.6 billion, according to today's bond filing. The gap prompted Christie to cut the state's payments into the pension system over two fiscal years, prompting lawsuits from public workers unions, and a credit downgrade by Fitch last week..
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