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Pretty much everyone expects the pending revamp of the state’s business and development incentives to become law without much trouble, but the timing of the legislation’s passage continues to be a matter of discussion.
Officially, the bill’s expected to get a vote in May, following a month of budget hearings in April. But in this week’s State Street column, sources raise the possibility of an April vote, in order to ensure the law is in place before the funding for current incentives is exhausted.
However, Sen. Raymond Lesniak (D-Union), the legislation’s chief proponent in the state Senate, tells State Street an April vote is neither likely nor necessary.
Elsewhere in State Street, we look at one small business agency that’s pleased to see their funding stable in Gov. Chris Christie’s 2014 budget.
We also take a look at an agricultural bill that aroused plenty of passion in the Garden State last week, even though it will have virtually no impact here.
Meanwhile, Grapevine reports on Christie’s active role at Princeton University, where his son is a freshman.
New Jersey governors are made ex-officio members of the private university’s board, but sources say Christie’s been more active than most of his recent predecessors.
Grapevine also has news of two firms seeking to move within the state, as well as more news on the hospital front, this time with a look at Atlantic Health.