New Jersey Gov. Chris Christie, in budget address, says increase in revenues 'eaten up by growth in 3 areas: pension, health benefits and debt service'; 'If we do not reform, next year we would be asked to spend nearly $8 billion on pension and health benefits' - @njdotcom
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. It is bordered on the north and east by New York State, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania, and on the southwest by Delaware. New Jersey is the fourth-smallest state, but the 11th-most populous and the most densely populated of the 50 United States. New Jersey lies entirely within the combined statistical areas of New York City and Philadelphia. It is also the second-wealthiest U.S. state by median household income, according to the 2008–2012 American Community Survey.
The area was inhabited by Native Americans for more than 2,800 years, with historical tribes such as the Lenape along the coast. In the early 17th century, the Dutch and the Swedes made the first European settlements. The English later seized control of the region, naming it the Province of New Jersey. It was granted as a colony to Sir George Carteret and John Berkeley, 1st Baron Berkeley of Stratton. At this time, it was named after the largest of the Channel Islands, Jersey, Carteret's birthplace. New Jersey was the site of several decisive battles during the American Revolutionary War.
In the 19th century, factories in cities such as Camden, Paterson, Newark, Trenton, and Elizabeth helped to drive the Industrial Revolution. New Jersey's geographic location at the center of the Northeast megalopolis, between Boston and New York City to the northeast, and Philadelphia, Baltimore, and Washington, D.C., to the southwest, fueled its rapid growth through the process of suburbanization in the 1950s and beyond.