Home>Feature Right>Lawmakers to hold EDA hearings Monday

Photo by Kevin Sanders for New Jersey Globe

Lawmakers to hold EDA hearings Monday

By Nikita Biryukov, February 08 2019 10:53 am

The legislature will hold a joint hearing Monday to examine problems in oversight, operations and effectiveness in the New Jersey Economic Development Authority and its tax incentive, which Gov. Phil Murphy has said are costing the state billions of dollars.

The panel, made up of the Senate Economic Growth Committee, chaired by Sen. Nilsa Cruz-Perez, and the Assembly Commerce and Economic Development Committee, chaired by Assemblyman Gordon Johnson, will take testimony from more than 20 witnesses and examine an audit of the EDA released last month.

The incentive programs being examined are due to expire later this year, and Murphy has already begun pushing alternative programs he says will benefit the state.

The EDA audit found that a number of companies did not create or retain the required number of jobs after being awarded tax incentives by the EDA. Most of the incentives had yet to be disbursed, so it’s not clear how much money the state lost on the program.

Spread the news:
RELATED ARTICLES
Filter by
Post Page
Feature Right Governor Legislature Monmouth Congress
Sort by

GOP lawmakers want reinstatement of death penalty

Gramiccioni says he wished he could seek death penalty on murder suspect
December 6, 2018 5:19 pm

18

Lawmakers tell Trump stop rollback of clean car standarda

Pallone, Gopal, Downey join activists in opposition of Trump policy
July 20, 2018 8:55 pm

18

Leave a Reply

Your email address will not be published. Required fields are marked *