Facebook Twitter LinkedIn Google Plus RSS

Legislature's budget proposal DOA, Murphy says

By ,
Gov. Phil Murphy during a press conference Monday.
Gov. Phil Murphy during a press conference Monday. - ()

Gov. Phil Murphy said Monday he will not sign the budget which the state Legislature passed in both houses last week.

“The buck stops with me in terms of putting my signature to this budget,” Murphy said.

Murphy appeared before reporters at an afternoon press conference, flanked by Lt. Gov. Sheila Oliver, Treasurer Elizabeth Muoio and members from a variety of activist and interest groups.

The governor said he's "keeping all options on the table," but he declined to address speculation that a line item veto might be offing.

Under the Legislature’s budget, Murphy said, the state would land $855 million short of the administration’s target for a balanced budget by the end of the 2019 fiscal year.

“The Legislature's budget would end with a $104 million deficit and absolutely no dollars in surplus, zeroing out our proposed $751 million surplus,” Murphy said.

Legislative officials have forecast a surplus of roughly $788 million under the Legislature’s budget.

Lawmakers have until June 30 to ink a deal on the 2019 budget, or all non-essential services will be shut down until a deal is reached.

Democratic Assembly leaders held their own press conference shortly before the governor’s in which they argued that the Legislature’s budget had the grace of the non-partisan Office of Legislative Services.

The gathering included Assembly Speaker Craig Coughlin, D-19th District; Assembly Budget Chair Eliana Pintor Marin, D-29th District; and Assembly Majority Leader Lou Greenwald, D-6th District.

“The Democratic budget we passed is a reflection of our Democratic values,” Greenwald said.

Added Coughlin: “We believe in the numbers in our budget.”

Lawmakers have pushed for a corporate business tax as high as 13 percent for the top-earning companies, which Murphy has rejected.

In response, Murphy wants a millionaires’ tax and an increase in the sales tax to 7 percent, which the Legislature has rejected.

For more 2019 NJ budget:

Also Popular on NJBIZ

Daniel J. Munoz

Daniel J. Munoz


Daniel Munoz covers politics and state government for NJBIZ. You can contact him at dmunoz@njbiz.com.

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

Richard Russo June 25, 2018 4:40 pm

I am at a loss to understand Gov. Murphy's MO. Engaging in public verbal fisticuffs and issuing ultimatums is hardly a recipe for successfully addressing serious problems. One may disagree with Sen. Sweeney and others, but legitimate and reasoned disagreement can come only after one has opened an honest dialog with the other side, which has yet to occur. The Gov. seems to be in the thrall of certain interest groups and public sector unions, especially CWA and NJEA, which have not yet recognized the financial limits of our shared reality. The State can survive a shutdown, but not a strategic lurch over a fiscal cliff. Please, ladies and gentlemen, make sure that our minds are engaged.

Michael T. Vail June 25, 2018 4:51 pm

“The Democratic budget we passed is a reflection of our Democratic values,” Greenwald said.

I could not agree more with Greenwald. Their values are rooted 100% in taxes, taxes, taxes. And beyond that, self enrichment.

In 5-7 years, bankruptcy will be the only option to save this state. It is a fiscal disaster area.

close