[1] Pajcic was born and raised in Jacksonville,[2] is of Croatian descent, and a 6th generation Florida Cracker on his mother's side.

[5] He attended Princeton, where he played on the nationally ranked basketball teams following future NBA player and Democratic presidential candidate, Bill Bradley.

His award-winning senior thesis at Princeton on the Economic Desirability of a Corporate Income Tax for Florida became the central issue in Reubin Askew's campaign for Governor.

He was chairman of the Finance and Taxation Committee and the prime sponsor of major legislation, including an increase in the homestead exemption from $5,000 to $25,000,[8] The Save Our Rivers land acquisition program,[9] and migrant farm workers rights.

In a televised debate, the candidates were asked if, should they fail to win the nomination, would they endorse their runoff opponent in the general election against the Republican nominee.

In 1992, Pajcic and his brother Gary established a million dollar endowment at the University of North Florida to pay the full tuition of any graduate of their alma mater, Paxon High School, who was accepted at and enrolled at UNF.

[4] Pajcic has also set up an endowment to pay the tuition of Paxon students who enroll at his college alma mater, Princeton University.