Gov. Phil Murphy issued a slate of conditional vetoes Monday morning, and one of them irked State Sen. Jeff Van Drew.
Among the vetoed bills was one sponsored by the House candidate that would have made some businesses located in or near certain airports in Cape May County eligible for tax credits promoting growth and development.
“I am profoundly disappointed that this bill was not signed into law. South Jersey is hurting, and needs this type of economic growth. We were finally able to find an industry that had the potential to grow in our state, we need these things,” Van Drew said. “This was very personal for our area, and would have had a substantial positive impact. South Jersey needs to diversify its economy. We cannot depend solely on tourism and casinos alone. This is a missed opportunity that would have helped South Jersey.”
In his conditional veto, Murphy said he was unsure about whether the program would be effective if extended to Cape May.
He also said the state needed to better understand what types of businesses were suitable for the county.
“I am strongly supportive of the economic growth and development of Cape May County,” Murphy said in the veto. “However, I remain concerned about the effectiveness of our current tax incentive programs to support that growth relative to their cost to taxpayers.”
Murphy’s veto struck all existing portions of the bill, replacing them with passages that would compel the New Jersey Economic Development Authority to study what businesses would best fit Cape May.