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Senate President Sweeney on NJ Pensions: “We can’t grow our way out of it, we can’t tax our way out of it, and it won’t go away by ignoring it”

the staff of the Ridgewood blog

East Windsor NJ, Continuing to advocate for the fiscal and economic reforms needed to avert future financial crises, Senate President Steve Sweeney spoke at the joint New Jersey Business and Industry Associations (NJBIA) and New Jersey State Chamber of Commerce policy forum today where he emphasized the economic value of bringing fiscal reforms to public finances.

Senator Sweeney participated in “Meet the Decision Makers,” an event that features key New Jersey policy figures. Senator Sweeney spoke about the “Path to Progress” report issued by the 25-member study group that provides a working blueprint to achieve the operational and structural reforms needed to restore financial stability and affordable government.

Continue reading Senate President Sweeney on NJ Pensions: “We can’t grow our way out of it, we can’t tax our way out of it, and it won’t go away by ignoring it”
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NJ BUILDING TRADES PRESIDENT BLASTS CWA LEADER FOR MISREPRESENTING PATH TO PROGRESS EFFORT

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the staff of the Ridgewood blog

Trenton NJ, Senate President Sweeney introduced a sweeping bill package aimed at slashing the high cost of government in New Jersey originating from the recent Path to Progress report. In response to the continued attacks by New Jersey public work leaders, particularly the leader of CWA, Hetty Rosenstein, the President of the New Jersey Building and Construction Trades Council, William Mullen, released the following statement.

Continue reading NJ BUILDING TRADES PRESIDENT BLASTS CWA LEADER FOR MISREPRESENTING PATH TO PROGRESS EFFORT
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Senate President Sweeney and Senator Ruiz Call reducing the PARCC assessment to only five percent of teacher evaluation a victory for special interests and a huge step backward towards a better public education

REA, ridgewoood teachers

the staff of the Ridgewood blog

Trenton NJ, Senate President Sweeney and Senator Ruiz Joint Statement on NJ Department of Education Announcement to Reduce PARCC Evaluation Weights

“As we approach the end of summer and the beginning of a new school year, we are deeply disappointed that the administration is walking away from New Jersey’s students by reducing the PARCC assessment to count for only five percent of a teacher’s evaluation. These tests are about education, not politics.

Continue reading Senate President Sweeney and Senator Ruiz Call reducing the PARCC assessment to only five percent of teacher evaluation a victory for special interests and a huge step backward towards a better public education

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In risky bet, N.J. teachers’ union campaigns to oust Senate President Sweeney

Ridgewood Teachers

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Updated: MARCH 27, 2017 — 6:00 AM EDT

by Andrew Seidman, Trenton Bureau  @AndrewSeidman |  ASeidman@phillynews.com

TRENTON — Gov. Christie has antagonized New Jersey’s largest teachers’ union since he took office in 2010, once declaring on television that the national organization deserved a punch in the face.

The union has struggled under Christie’s eight-year governorship, but as the Republican prepares to leave office next year, the New Jersey Education Association is punching back at someone it sees as Christie’s chief collaborator: Senate President Stephen Sweeney.

“We’re looking for a new governor and a new Senate president,” Wendell Steinhauer, the group’s president, said in an interview.

http://www.philly.com/philly/news/politics/NJ-teachers-union-is-trying-to-topple-Senate-President-Stephen-Sweeney.html

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Governor Christie, Senate President Sweeney and Speaker Prieto reached a tentative agreement to finance the Transportation Trust Fund

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September 30,2016

the staff of the Ridgewood blog

Ridgewood NJ, late Friday while all eyes were on the Hoboken Train tragedy and the National Transportation Safety Board (NTSB) Governor Christie, Senate President Sweeney and Speaker Prieto reached a tentative agreement to finance the Transportation Trust Fund (TTF).A special legislative session will be called next week to ratify this agreement so it is subject to change.

The following are some of the details that have emerged :

0.23-cent gasoline tax increase…bringing total to 37.5 cent/gallon tax on gasoline

Sales tax cut: On 1/1/17, the sales tax will go from 7% to 6.875% and in 2018 to 6.625%.

Increase the Earned Income Tax Credit for the working poor to 35 percent of the federal benefit amount beginning in tax year 2016

Tax Savings for Retirees: Increase the New Jersey gross income tax exclusion on pension and retirement income over four years to $100,000 for joint filers, $75,000 for individuals and $50,000 for married/filing separately

Eliminate the Estate Tax: Phase out the estate tax over the next 15 months, replacing the current $675,000 threshold with a $2 million exclusion after January 1, 2017 and eliminating the estate tax altogether as of January 1, 2018

Tax Savings for Veterans: Provide a personal exemption on state income taxes for all New Jersey veterans honorably discharged from active service in the military or the National Guard.

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Senate President Sweeney says tiered health insurance plans needed in New Jersey

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The plan by New Jersey’s largest insurance company to divide hospitals into two tiers has already angered customers and health care providers and now it has split Democratic lawmakers as the Legislature considers bills to review the move. John C. Ensslin, The Record Read more