The budget has been passed and the negotiations were dynamic. The end result will be very costly and extremely challenging for the business community. However, we must move forward. It is now time to do so with resolve, diligence and expediency.
Tom Bracken, president of the New Jersey Chamber of Commerce, Trenton recognizes the reality of a tax hike in the incipient 2019 State Budget, but he wants lawmakers to consider the development of what he calls an economic master plan to avoid a repetition of the state’s current downbeat circumstances.
For the past two days, the State Chamber has been in discussions with members of the state Assembly and Senate about the upcoming budget.
In testimony before the budget committees of both houses yesterday, I spoke against an increase in the Corporation Business Tax (CBT), clearly describing how the increase would negatively impact New Jersey's affordability and competitive standing, how it would exacerbate our outmigration problem and not bode well for New Jersey's future economic growth.
The state Department of Environmental Protection, under Gov. Phil Murphy, will push for more clean energy, seek maximum funding for repairing the state’s drinking water infrastructure, and preserve a system - implemented under Gov. Christie - for quick decision-making on building permits.
Tim Lizura will be leaving the New Jersey Economic Development Authority, ROI-NJ has learned.
In an email sent to the EDA staff on Monday, Lizura said the July board meeting will be his last, ending a 22-year career with the organization.
Last Friday started with a tense morning meeting between top aides from the governor's office and from the Senate and Assembly Democratic offices. Words were exchanged. Doors were slammed.
We support Gov. Murphy’s signing of the Zero Emissions Certificate legislation (nuclear energy bill), designed to maintain New Jersey’s nuclear energy supply. It is important to the state’s overall energy strategy to ensure we have reliable, resilient and affordable energy for citizens and businesses in New Jersey. Of all the options available, this legislation best accomplishes that goal. In addition, this legislation protects thousands of jobs that are vital to the Southern New Jersey economy.
It’s A Golf Tradition: The 7th Annual N.J. Chamber Challenge Is A Big Hit On and Off The Course
The ping of driver meeting golf ball. The smell of fresh cut grass. The chirping of birds. And a beautiful golf course. This was the setting on May 21 for the 7th annual N.J. Chamber Golf Challenge, where business leaders plied their skill on 18 holes at the elegant Bedens Brook Club in Skillman.
In a wide-ranging and lively address to business leaders, Senate President Stephen Sweeney said the state’s public employee pension deficit cannot be solved by raising taxes; he reiterated his opposition to a millionaire’s tax; and he said he no longer supports a state Corporation Business Tax increase that he once offered as an alternative to a millionaire’s tax.