Gov Christie Veto’s Legislation That Would Prevented State Pensions Investing In Gun Industry

Governor Chris Christie
Governor Chris Christie
AmmoLand Gun News
AmmoLand Gun News

Trenton, NJ –-( Friday, June 28th 2013, in addition to signing a $32.9 billion balanced bipartisan budget, Governor Christie continued his fiscally responsible approach to government and spending by vetoing a series of supplemental spending bills and other measures that would increase the costs of government.

Included in this block of vetoes was A-3668/SCS for S-2467, 2471 (Jasey, McKeon, Cryan, Johnson, Quijano/Gill, Weinberg, Codey) -ABSOLUTE –  Which prohibits investment by State of pension and annuity funds in companies manufacturing, importing, and selling assault firearms for civilians use.

In doing so, Christie adhered to the budget negotiated with the bipartisan leadership of the Legislature and passed by both the Senate and Assembly this week. In an omnibus veto message, Governor Christie noted that the bills together would add potentially hundreds of millions of dollars to state and local budgets, “frustrating the already over-burdened taxpayers and undermining the budget I signed today.”

The bills vetoed by the Governor can be found here:

Based on this move it make financial sense that Christie could Veto the rest of the upcoming gun ban bills as they reach his desk as each one would add millions of dollars to the current state budget and do nothing to prevent gun crime.



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