Governor Phil Murphy delivered his third annual budget address yesterday in Trenton. He proposed a number of significant investments to be funded by a variety of revenue raisers. Meanwhile, in Woodbridge the New Jersey Turnpike Authority Board initiated a public hearing process for a new long-term capital program. TrueNorth has the skinny so keep reading to learn more!
In this edition of TrueNorth we recap some major policy developments from the past two months, including offshore wind, New Jersey’s budget, and the Port Authority’s efforts to rebuild our region’s transportation infrastructure.
We’re dedicating this issue of TrueNorth to one of our favorite New Jersey elected officials who – in the middle of a recent meeting with one of our clients – reminded us that we were overdue for a new issue of TrueNorth. Senator, this one’s for you!
The New Jersey Senate a short time ago cancelled a planned vote on legislation to legalize adult use recreational marijuana – TrueNorth has the latest. In addition, we overview Governor Murphy’s proposed FY2020 budget, cover the announcement of the top engineering projects of the past year and throw a bouquet to NJ TRANSIT for officially securing a deadline to fully implement PTC.
Happy belated Memorial Day to all of our readers! In this issue of TrueNorth, we cover New Jersey Governor Phil Murphy’s recent actions to reshape New Jersey’s energy market. We also provide an overview of the 6th annual Design Summit, hosted by our client, the American Council of Engineering Companies of New Jersey. We spotlight Murphy’s new gun czar and give you a preview of the month ahead.
Work continues in Trenton to finalize agreement on the State’s FY2018 budget but ongoing disagreement regarding the future of the State’s largest health insurance provider stands in the way. Passage of the budget and avoidance of a government shutdown depends on the Senate, Assembly and Governor’s Office getting on the same page regarding Horizon Blue Cross Blue Shield’s $2.4 billion reserve fund.
In this edition of TrueNorth, we cover Governor Christie’s final Budget Address, offering our take on the major planks of his proposed budget. We also keep you in the loop on key nominations to influential boards and authorities including the Port Authority of New York & New Jersey, the New Jersey Board of Public Utilities, and others.