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Bill links incentives with transparency

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Companies that get financial incentives from the state may soon have to open up about their campaign activities.


Companies that get financial incentives from the state may soon have to open up about their campaign activities.

On Thursday, the Assembly State Government Committee released a bill, sponsored by Assemblymen Tim Eustace (D-Paramus) and Daniel R. Benson (D-Hamilton), to require campaign donation disclosures from companies seeking state assistance.

“If a corporation is receiving help from hard-working New Jersey taxpayers, then the taxpayers deserve to know whether that corporation is involving itself in the political process and who it supports,” Eustace said, in a press release.

Specifically, the bill would require any company applying for or receiving economic development subsidies in excess of $25,000 from a state agency to give the agency a list of any political campaign expenditure of more than $10,000.

“This is a reasonable move that does not infringe free speech rights,” Benson said. “Rather, it strengthens the public’s right to know how their money is being spent, and that’s always a good thing.”

No one signed up to testify for or against the bill in Thursday’s committee hearing. The committee voted unanimously to release the bill.

Write to the Editorial Department at editorial@njbiz.com

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