And we have better targeted them to areas of our state that need investment most. And the verdict is in--and the early returns from the economic opportunity act show that it is working to attract and retain businesses. In total, our pro-growth policies and streamlined economic development efforts have brought in over $12 billion dollars of new public and private investment in New Jersey in these last five years.
The fact is that, the deeper they look, the more businesses like what they see. Companies have chosen New Jersey as a home for expansion.
I have a simple view of this. Drug addiction is a disease. It can happen to anyone, from any station in life. And it can be treated.
Most importantly, every life is an individual gift from god and no life is disposable. We have an obligation to help people reclaim their lives. And if we have the tools to help those with this disease to save their own lives, we should use them.
Requiring mandatory treatment instead of prison for non-violent drug offenders is only one step--but an important one. Treatment is the path to saving lives, and for as long as I am governor, treatment will be mandatory in our system and I will not yield
For the first time, we brought the concept of performance-based pay to schools in our largest city, Newark--so that we can pay the best teachers more.
We have expanded charter schools. And together we have enacted urban hope legislation to create renaissance schools in our highest risk districts.
Let's give families an alternative to chronically failing neighborhood schools. Let's keep driving for better outcomes. Let's give parents and students more choice.
Our whole emphasis has been to deliver the right level of service to the right person, in the right place. As a result, we've increased and improved the options of assistance and care provided in a home setting and in the community, while reducing our reliance on more traditional institutional care, whether in nursing homes or developmental centers.
This approach has worked under Medicaid, improving services and holding down costs. NJ's Medicaid spending growth on these groups has trailed the national average, and has been cited as the second lowest in the region.
But the pension fund's problem is a long-term one. Right now the $90 billion unfunded liability for pensions and health benefits is three times the size of the annual state budget. Think of this way--in order to close the current shortfall in just the pension system alone every family in New Jersey would have to write a check for $12,000.
That is the nature of long-term entitlements which grow faster than the economy, and in that regard our problem here in New Jersey is not that different from Washington's entitlement problem. Last summer I appointed a pension and health benefits task force--to think outside the box, and they are hard at work.
I have vetoed four income tax increases passed by this body. And make no mistake: I will veto any more income tax increases that come before me. And I will do it for one simple reason--the higher our taxes are, the fewer people and businesses will come to New Jersey and the more who will consider leaving.
Raising taxes is the old Trenton way, and it didn't work. Taxes were raised 115 times in the eight years before 2010. People and businesses in turn didn't support them and left our state. Between 2004 and 2008 the departure of wealth, investment, and income was staggering--some $70 billion left the state. We have begun a new direction and we need to go further, not reverse course.
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The above quotations are from 2015 Governor's State of the State speeches.
Click here for other excerpts from 2015 Governor's State of the State speeches. Click here for other excerpts by Chris Christie. Click here for other excerpts by other Governors.
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