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!
Governor Murphy and Governor Cuomo each delivered State of the State addresses. Both touted accomplishments of the past year and detailed proposals and plans for 2020. In New Jersey, the Senate and Assembly held their reorganizations, and swore in new members and leaders before listening to the Governor’s annual address. Keep reading for the key highlights as well as opportunities and challenges in both States.
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.
Legislation increasing New Jersey’s minimum wage has just passed both chambers of the Legislature. A transportation infrastructure project with longterm economic impacts for the region has received a big boost. Facebook has become the global leader in renewable energy purchases. And NorthStar has dipped its running shoe into charitable giving waters. We hope this pre-Super Bowl edition of TrueNorth helps you endure this week’s arctic weather.
It’s been a few months since the last edition of TrueNorth visited your inbox and we’re pleased to be back. With six weeks before the midterm elections, a full plate for the New Jersey Legislature this Fall, and important policy and political happenings throughout the region, this “back to school” edition of TrueNorth is a must-read.
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.
Phil Murphy’s team starts to take shape in New Jersey with the announcement of key staff. Murphy’s transition team is announced and it includes our own Joe Fiordaliso. A key member of New Jersey’s Congressional Delegation announces his retirement. Several key policy issues emerge as likely 2018 priorities. You don’t want to miss this edition of TrueNorth which has more meet on the bone than your Thanksgiving turkey!
Phil Murphy won his gubernatorial contest by a significant margin. Democratic majorities in New Jersey’s Legislature grew. Bill de Blasio overwhelmingly won a second term. Political power shifted substantially in New York City suburbs. Election night was a clear victory for Democrats in the region. Murphy’s robust win combined with Ralph Northam’s larger-than-expected win in the Virginia gubernatorial have national Democrats and many political pundits claiming a rejection of President Trump’s first year in office.