Today, July 29th, the Senate Budget and Appropriations Committee approved bill S2411/A12, which funds road, bridge and infrastructure projects under the NJ State Transportation Trust Fund. This bill is a compromise with the Assembly version which would fund the TTF, provide reasonable tax cuts, and break the log jam holding up our pension ballot resolution.
This bill was passed out of Senate committee by a vote of 8 to 4 along party lines with one abstention. The full Senate is expected to vote on this compromise bill on Monday, August 1st. The Assembly is on call to vote but at this point no date has been scheduled.
Remember, the Assembly TTF plan would cut the state sales tax by 1 cent, which would create a hole in the state budget of $1.8 billion, making full pension funding very difficult and undermining our ballot campaign. We do not support the Assembly plan, and the Assembly plan has put our pension question in a very dangerous position right up against the deadline to make the ballot.
WHY IS A LEGISLATIVE TTF DEAL IMPORTANT TO PUBLIC SECTOR WORKERS?
There is one last step to get our pension funding question on the ballot in November 2016. We need the full Senate to pass SCR2, the resolution to put our question on the ballot, before August 8.
As of today, we also know that our pension ballot resolution is being held pending a deal on TTF funding legislation. To be clear, our pension resolution is currently NOT listed on the schedule for the Senate voting session on Monday, August 1st.
STAND UP / FIGHT BACK!
We need members to push phone calls to both Senate and Assembly representatives asking them to pass the pension resolution and reach a compromise on TTF and tax cuts that do not underfund the state budget and threaten our pension payments.
Here’s what you can do right now to help get the pension question on the ballot:
1. Call your Senator at 844-402-4286 and tell them to post our pension resolution.
2. Call your Assembly person at 855-346-9471 and tell them to support the compromise.
3. Participate in State House actions on August 1. We will be there all day until the pension vote is passed!
We need to keep the pressure up, get over this final hurdle and force the Senate to post our resolution!!!
More information is available on our website at http://cwa1036.org/index.php/issues/pension