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.
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.
New Jersey Governor Phil Murphy delivered his first budget address to a joint session of the Legislature in Trenton today. Murphy’s word of the day was “investment.” Investment in NJ TRANSIT, statewide Pre-K, community college, gun violence research, and more. The big question is whether the support for Murphy’s proposal for funding these priorities – namely millionaires’ tax, marijuana and increased sales tax – will materialize in the Legislature. We’ve got the skinny.