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Singleton: Veto of Tax-Incentive Oversight is a Lost Opportunity

(TRENTON) — Assemblyman Troy Singleton (D-Burlington) had the following published recently in The Record of Hackensack:

“While tax subsidies are nothing new to New Jersey, the velocity at which they are being awarded has greatly increased in recent years. Releasing money of this magnitude without proper accountability standards is completely misguided. It should be common sense to examine whether these expenditures are working. It’s what the taxpayers deserve.

“While we must consider the larger, long-term picture when it comes to economic development tools, there is still an expectation that some short-term gains will be realized based on the magnitude of grants awarded over the last several years. And yet that doesn’t appear to be the case.

“That is where the governor’s veto misses the mark…”

To read the rest of Assemblyman Singleton’s op-ed, click here.