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NJ LAWMAKERS WRANGLE OVER WHO DECIDES HOW TTF BILLIONS WILL BE SPENT

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photo courtesy of the Ridgewood Police

JOHN REITMEYER | APRIL 13, 2017

Senate President rejects Republican senator’s claim that new commission could politicize how projects are selected

Senate President Stephen Sweeney speaks during a news conference in Linden yesterday to announce state funding for a long-planned road project.

After last year’s renewal of the Transportation Trust Fund, there’s now $2 billion in state dollars to spend on infrastructure improvements every year in New Jersey. But that has also raised the question of exactly who decides which projects deserve top priority — the governor and his administration’s transportation officials or a special four-person commission that’s been championed by lawmakers?

A measure that’s expected to make it out of the Legislature in the coming weeks will ensure the new capital-project approval commission has the final say, though not until a year from now.

The passage of what’s being called the “TTF cleanup bill” will also make sure that a planned $2 billion in spending on infrastructure improvements during the state fiscal year that begins in early July can go forward even though the new commission has yet to be assembled.

And despite complaints from some lawmakers that the new commission could politicize New Jersey’s transportation-funding process and even be unconstitutional, Senate President Stephen Sweeney (D-Gloucester) said he remains committed to establishing the new format. He also disputed claims that the new selection method could be unconstitutional.

https://www.njspotlight.com/stories/17/04/12/lawmakers-wrangle-over-who-gets-to-decide-how-ttf-billions-are-spent/

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NJ lawmakers take step toward taxing Airbnb and home-sharing rentals

Ridgewood Real-estate

file photo

By Michael Symons March 5, 2017 9:00 PM

New Jersey lawmakers are moving ahead with plans to tax and regulate home-sharing operations like Airbnb. And while the company is OK with collecting taxes, it doesn’t like the approach being taken to license or prohibit the short-term rentals it brokers.

Assemblywoman Annette Quijano, D-Union, said New Jersey’s tax laws need to be updated to keep up with technology and the home-sharing portion of the hospitality industry.

“It’s unfair to hotels and motels that have to compete with a new business model that provides essentially the same service but does not have to charge state sales tax, the state hotel/motel fee and a municipal hotel tax, which can total up to 18 percent in some areas,” Quijano said. “That’s a very significant disparity and a significant barrier to overcome.”

Last year, more than 6,000 New Jersey hosts earned over $50 million through 257,000 short-term rentals arranged through Airbnb.

Read More: NJ lawmakers take step toward taxing Airbnb and home-sharing rentals | https://nj1015.com/nj-lawmakers-take-step-toward-taxing-airbnb-and-home-sharing-rentals/?trackback=tsmclip

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Why NJ lawmakers want to get rid of the stop-for-pedestrians law

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file photo by Boyd Loving

By Michael Symons February 5, 2017 7:01 PM

TRENTON — More than 500 pedestrians have been killed in New Jersey since 2014, the most in any three-year stretch since the early 1990s. A new legislative proposal seeks to remedy that by shifting more of the responsibility onto them, rather than drivers.

Bill A4449, called the Driver and Pedestrian Mutual Responsibility Act, says pedestrians could only cross at designated crosswalks, ends a requirement that drivers stop and stay stopped for people who are crossing a street and doesn’t automatically blame drivers if someone is hit in a crosswalk.

Assemblyman Chris Brown, R-Atlantic, said the purpose of the legislation “is to try to bring common sense back to the Statehouse.”

“Throughout the summer and even into the winter months, there are numerous complaints and problems with pedestrians just stepping off the curb into traffic,” Brown said.

“What we have done is try to codify common sense and make sure that people use the good brain that God gave them before they cross the street,” he said. “And you would think you wouldn’t necessarily need to put some of these common sense items into writing, but unfortunately you do.”

Read More: Why NJ lawmakers want to get rid of the stop-for-pedestrians law | https://nj1015.com/why-nj-lawmakers-want-to-get-rid-of-the-stop-for-pedestrians-law/?trackback=tsmclip

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NJ lawmakers run from $194 billion liability for employee benefits

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By Mark Lagerkvist  /   October 19, 2015

With an election for New Jersey Assembly two weeks away, the numbers don’t look good for the fiscal reform urgently needed in Trenton.

The staggering $194 billion liability for public employee pension and health benefits is seldom debated in campaigns for the 80 Assembly seats up for grabs on Nov. 3.

The status quo is a 47-32 advantage for Democrats over Republicans with one seat vacant – a balance not likely to change much. The incumbents have outspent challengers $10 million to $2.2 million, according to a report by a New Jersey election commission.

Even more lopsided, incumbents enjoyed a 10-to-1 cash-on-hand advantage – $5.2 million to $496,000 – over their opponents, as of Oct. 2.

That big edge in campaign finances helps them run for re-election while running away from their failure to solve New Jersey’s fiscal dilemma. The Assembly has been in recess since June – a spell approaching four months.

“The situation is not only getting worse, but is fast approaching a point at which it will be beyond remedy,” warned Gov. Chris Christie’s bipartisan, blue-ribbon Pension and Health Benefit Study Commission in a report released in February.

Keeping benefits at their current level would require a 29 percent hike in state income taxes or increasing the sales tax to 10 percent, the study estimated.

“The already narrow window for a reasonable solution is closing fast. Only decisive action now can preserve a solid foundation of public employee benefits before the ever-growing hole the state has dug itself into becomes too deep for the state to dig itself out of without crushing tax increases and deep cuts to employee benefits and public services,” the commission stated.

That was eight months ago. Since then, Christie and lawmakers have failed to realign New Jersey’s costly benefits to a level comparable to what private-sector employers offer their workers.

Now the unfunded liabilities have reached a staggering $194.5 billion, according to aNew Jersey Watchdog analysis of State Treasury records. Here’s a breakdown of that debt:

New Jersey’s public pensions are underfunded by $113.1 billion. The state bears $80.5 billion of that burden. Local governments are responsible for the remaining $32.6 billion.
State and local governments are also on the hook for $81.4 billion in unfunded health benefits for retired and active workers. The state owes $65 billion; the local share is $16.4 billion.
The total shortfall is nearly six times higher than New Jersey’s total annual budget, currently $33.8 billion. To wipe the liability clean, each household in the state would need to write a check for more than $60,000 per household.

At the present pace, the shortfall for public employee pensions and health benefits will exceed $210 billion next year.

“That, in brief, is New Jersey’s future without meaningful public employee benefits reform – a future that is bleak, burdensome and unacceptable to everyone,” the commission concluded.

None of the New Jersey Senate’s 40 seats are on the Nov. 3 ballot. The next statewide election will be in 2017, when Christie’s second and final term expires.

https://watchdog.org/243078/nj-lawmakers-run-from-debt/?roi=echo3-29826279124-31108417-12dec0ee5e474b218809e50333085174