(TRENTON) – Assembly Speaker Vincent Prieto (D-Hudson/Bergen) released the following statement Tuesday after the governor signed legislation he sponsored (A-3424) to revises laws governing police and fire interest arbitration, incorporates compounding in base salary calculation and extend the 2 percent cap on base salary awards:
“This is the right thing for our taxpayers and the police and firefighters who do so much to protect our safety, and I thank the governor for compromising with us. I’ve said all along that taxpayers deserved this protection, but we also had to recognize that police and firefighters put their lives on the line each and every day. They deserved a bit more consideration and this law gives it to them, while ensuring taxpayers get the help they need. This is ends up being a win for everyone.”