State leaders have no shortage of "looming disasters" to solve, ranging from a fund to pay for road, bridge and mass transit maintenance that is on the verge of insolvency to a fund to pay public workers' pensions that is falling further into debt at a pace of $10 million per day, Assemblyman Gary Schaer told N.J. Chamber members. And that doesn't include other issues bouncing around the State House, such as education funding, higher education funding and how to address Atlantic City's budget issues, the assemblyman added.
Lauren Lalicon has joined the New Jersey Chamber of Commerce as director of government relations, where she will advocate for pro-business issues concentrating on economic development, taxation, and health care. Lauren will be reporting to Michael Egenton, executive vice president of government relations with the Chamber.
New Jersey Chamber of Commerce members exchanged business cards and discussed the latest Chamber programs, events and ways to grow their businesses at a networking event at the home base of NJ Sharing Network in New Providence on April 20.
The state's special account that funds projects to maintain and improve New Jersey's highways, bridges and mass transit will run out of money this July, and many observers are startled by how little progress appears to have been made toward a solution - such as an increase in the per-gallon gas tax to generate new revenue.
A proposal in the Legislature to constitutionally require the state to make payments into its massively underfunded public employee pension fund would only deepen New Jersey’s fiscal problems, warned Thomas J. Healey, who coordinates the work of New Jersey’s bi-partisan Pension and Benefits Study Commission.
Christie Administration will Work to Cut Estate Tax, he said
The state's impending transportation funding crisis can be solved in the next few months, and the Christie Administration will lead a push for the outright elimination of the New Jersey estate tax during its last two years in office.
These assertions were made by newly appointed Acting State Treasurer Ford M. Scudder, during an address to business leaders March 9 at a breakfast in East Windsor sponsored jointly by the New Jersey Chamber of Commerce and the New Jersey Business & Industry Association.
Richard S. Mroz, president of the state Board of Public Utilities since 2014, discussed New Jersey's Energy Master Plan and… Read More