ASSEMBLY BUDGET PANEL TO MEET WITH ACTING TREASURER

(TRENTON) – The Assembly Budget Committee will hold a special hearing Monday with acting Treasurer Andrew Sidamon-Eristoff to discuss the current fiscal year’s budget shortfall.

Assembly Budget Chairman Lou Greenwald (D-Camden) said he hopes the public hearing will be a first step toward a cooperative effort by Gov. Chris Christie’s administration and the Legislature to develop alternatives.

“We will continue cutting spending, but we need alternatives to Gov. Christie’s plan to increase property taxes on and threaten the health care of New Jersey’s hard-working middle-class and poor,” Greenwald said. “We should be doing everything we can to avert a tax increase of any kind, and that includes property taxes. I look forward to hearing first-hand from the acting treasurer on how we can work together to find a sensible approach that doesn’t target New Jersey families.”

The meeting is scheduled for 10 a.m. Monday in Committee Room 11 at the State House Annex. It will be streamed live at http://www.njleg.state.nj.us/media/live_audio.asp

“Stripping aid from schools and leaving federal funding opportunities on the table is not the type of change New Jerseyans expected,” Greenwald said. “We have to work together and establish priorities so we protect our middle-class as best we can.”

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