The Assembly State Government Committee focuses on policy and legislation that has a direct impact on state government, as well as legislation dealing with ethics, pensions, election related issues and public employees.
Democratic Research Aide: Keith White
Group - D
WISNIEWSKI: MOODY'S 'CREDIT NEGATIVE' VIEW OF 2 PERCENT CAP OMINOUS PORTENT FOR NJ TOWNS
Municipalities Up for Bond Rating Review could be Negatively Impacted by Cap
Assemblyman John S. Wisniewski (D-Middlesex) issued the following statement Wednesday after it was reported that Westfield, a Union County municipality with a median household income of $146,110 -- more than twice the national average -- had its debt rating reduced by Moody's Investors Service:"Moody's downgrading of Westfield's bond rating should sound a warning klaxon for every other town in the state.
"Any projected property tax savings towns were expecting under the 2 percent cap will be offset by higher interest rates and borrowing costs from reduced bond ratings..."
For More
RAMOS, ALBANO PUSHING MEASURE TO PROTECT NJ JOBS FROM OUTSOURCING
In light of the country's continued economic woes, Assemblymen Ruben J. Ramos, Jr. and Nelson Albano are pushing legislation to protect jobs at home and discourage the "outsourcing" of American jobs to other countries.The bill - A998 - would prohibit business entities from being eligible to perform any state contract or receive any state grant if the business eliminates jobs performed by its employees in the United States and assigns those functions to workers in a foreign nation.
For More