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NJ NEWS COMMONS: HUGE TAX BREAK WENT TO HOLTEC DESPITE RED FLAGS

Wednesday, June 26, 2019

 

The NJ Economic Development Authority awarded Holtec International $260 million in taxpayer assistance in 2014. Just weeks before Holtec filed its application with the EDA in New Jersey, however, Ohio had stripped the company of its eligibility to receive tax credits for failing to create the jobs it had promised as part of a similar corporate welfare program. None of the 200 positions Holtec promised to create in Orrville, Ohio ever materialized. (WNYC)

MURPHY CALLS FOR RETURN OF TAX ON OPIOID MAKERS

Last week, the Legislature removed a $21.5 million tax on opioid manufacturers proposed by Gov. Phil Murphy. On Tuesday, Murphy appealed to lawmakers to put the tax back into the budget plan. "The Legislature has protected the opioid industry’s interests and profits and put the entire $100 million burden of our entire opioid program squarely on the shoulders of New Jersey taxpayers," Murphy said. "And with so many things elsewhere in the Legislature’s budget, this omission leads one to ask a very simple question once again, ‘Whose side are you on?'" (NJ Spotlight)

HERE'S WHERE THINGS STAND WITH THE 2019 BUDGET

Democrats are deadlocked over taxes as New Jersey heads toward another potential government shutdown — for a second year in a row. Last week, Murphy indicated that he wouldn't let another shutdown happen, and he's repeatedly suggested that he's willing to back down on certain revenue and tax issues, even if he has to veto certain items that he sees as "pork." Democrats in the state Senate, however, don't see things that way. "We passed a balanced, sustainable budget with no broad new taxes, a $1.4 billion surplus and while the Governor calls it 'Pork,'" Senate Democrats tweeted, "the legislature believes these items are major priorities!" (The Record) 

GET READY FOR HIGHER TOLLS, FARES, AND FEES

The Port Authority wants to hike bridge and tunnel tolls, PATH fares, and other fees for the first time in eight years. The proposal would raise the cash toll for tunnels and bridges by a dollar, bring the total to $16. It would also cut back on some E-ZPass discounts and add pick-up and drop-off fees for taxis and rideshares at airports. The increased fees will go toward $4.8 billion in new projects that were added to the 10-year $32 billion capital plan. The full plan will be brought in front of the Port Authority Board of Commissioners on Thursday. (The Record / NJ.com)
 

👀 Stories we're keeping an eye on...
Lawsuits
  • Ex-Bergen County exec Dennis McNerney admits he posted false info about GOP strategist (The Record)
  • Paterson teacher sues school district citing discrimination for disabilities (The Record)
Education
  • N.J. Catholic high school ‘blindsided’ by news of its closing, principal says. The fight is on to keep it open. (NJ.com)
  • With $30M in limbo, Lakewood school district says it needs money from the state to survive (NJ.com)
Health
  • New poll shows abortion may be a top issue in 2020 presidential election (WBGO)
  • Fears that NJ won't make deadline to create its own health exchanges by 2020 (NJ Spotlight)
Politics
  • Judith Persichilli nominated as N.J. Health commissioner (The Philly Inquirer)
  • Expansion of veterans tax break to go before voters in November (NJ Spotlight)
  • Judge approves recount in close Edgewater mayor's race (The Record)
  • Late amendments will allow waste to continue to flow to garbage dumps and incinerators if they have systems to capture methane gas (NJ Spotlight)
  • N.J. man serving in the Navy killed in Afghanistan (NJ.com)

published Gloucestercitynews.net | June 26, 2019

Posted by on Wednesday, June 26, 2019 at 03:14 PM in NJ NEWS COMMONS | | Comments (0)

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