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Christie Eyes NJ State Worker Givebacks

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Christie Eyes NJ State Worker Givebacks

HOLMDEL, N.J. (CBS) ― New Jersey Gov.-elect Chris Christie says he's leaving his options open as he grapples with a projected budget deficit of $8 billion entering his first year in office.

Christie says he'll consider trimming the state's contribution to its workers' pension fund and asking for more concessions from state workers.

Christie made it clear after a Veterans Day event in Holmdel that he expects shared sacrifices.

On Tuesday, the head of his transition team said the incoming governor would consider declaring a statewide financial emergency, which could give him power to reopen negotiations with state worker unions before their contract expires.

But Christie said he's not looking to pick a fight with the unions.

Christie was elected to the office of Governor of New Jersey on November 3, 2009.

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(© 2010 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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