In response to Governor Murphy’s State of the State Address, GSI President Regina Egea released the following statement:
“As expected, the Governor’s State of the State Address is a recounting of past achievements and an optimistic outlook. One key word in the Governor’s remarks was affordability. This is certainly common ground for all elected officials and policy makers in the state.
With the one-time federal funds not available moving forward, declining state revenues while spending rate has more than doubled, and a rising unemployment rate warning of business dis-investment, there is hard work ahead for the legislature. We can’t tax our way out of this dilemma, and there is no indication in this speech that the Administration is inclined to reduce spending.
GSI looks forward to hearing the fiscal blueprint for funding incremental property tax rebates, easing healthcare debt, and making housing more affordable when the Governor delivers his Budget address in 49 days.”
