Home>Press Release>Governor’s office statement on Senate Committee report

Gov. Phil Murphy. (Photo: Kevin Sanders for New Jersey Globe)

Governor’s office statement on Senate Committee report

By David Wildstein, February 07 2020 12:27 pm

DARRYL ISHERWOOD, SENIOR ADVISER, ECONOMIC DEVELOPMENT COMMUNICATIONS, OFFICE OF THE GOVERNOR

“We’re gratified that the committee has recognized issues first raised by the governor in the early days of his campaign. However, we believe these recommendations do not go far enough.  Nearly 18 months ago, Gov. Murphy introduced a tax incentive plan to replace the program that expired in June. That plan incorporates accepted best practices including an annual cap on awards, and we continue to believe that cap is integral to the program.  In fact, even the nationally recognized experts that testified before the Senate committee recommended an annual cap on any incentive package.  While most of these recommendations are incorporated into the governor’s plan and others already are part of the EDA process, we look forward to discussing them with the legislature as part of our continued talks.  Now that both the committee and the governor’s task force have weighed in with recommendations, we expect there will be no more delays from the legislature on passing a new incentives package.”

Spread the news:

 RELATED ARTICLES

Leave a Reply

Your email address will not be published.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