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NJ School Boards Back Christie's Cuts

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New Jersey school boards are backing a call from Governor Christie that teachers forgo pay raises.

Local districts say they could see more than $800 million in cuts in state aid while their health care costs are rising. The New Jersey School Boards Association says if all teachers turned down upcoming pay raises -- that are on average 4.3 percent -- the savings would be in the hundreds of millions of dollars and could help the districts avert layoffs.

Average salary for teachers in the Garden State ranks near the top nationally at around $63000 a year. So far the state's teacher's union has rejected the salary freeze, calling instead for Trenton to reimpose the income tax surcharge on the state's wealthiest households.