June 09, 2015
According to this article, "A landmark New Jersey Supreme Court decision on Tuesday upholding Gov. Chris Christie's decision to slash $1.57 billion in pension funding dealt a heavy blow to public employee unions, but they could have a toehold to seek the U.S. Supreme Court's review on federal constitutional grounds."
"Today's decision is one of the most consequential financial decisions of the state Supreme Court in modern history," said Sills Cummis & Gross Member Peter Verniero, a former state Supreme Court justice. "It's really that significant. It's extremely clear and straightforward. It's basically a tutorial on the state budget process. Not every decision of the court offers such a sweeping set of guiding principles. This one does."