THANK YOU to the members of CWA Local 1036. Your efforts in our budget mobilization were critical in applying the pressure needed to get this deal done before another government shutdown occurred again this year.
We generated thousands of calls to legislators and lined the hallways at the state house. We didn’t let legislators off the hook if they were blocking a compromise on the state budget.
The budget agreement reached by Governor Murphy and the Legislature took far too long to come together and went to the very brink of a government shutdown. But this fight was important because the ultimate result increases funding for education, transportation, public services, and public-sector pensions. Most importantly, this budget is actually backed by sustainable revenues that ensure these funding commitments continue into the future.
Below is a budget summary containing funding commitments that:
o Make an investment of $242 million in NJ Transit.
o Invest in college affordability
o Increase the state property tax deduction from $10,000 to $15,000.
o Make an $83 million investment in pre-K and increase K-12 funding.
o Preserve core services, programs, and communities.
o Enact a new child-and-dependent care tax credit and an expansion of the EITC.
o Make a historic contribution to our pension system.
o Restores the Homestead Rebate program
o Modernizes the school funding formula
The budget takes an important first step in a millionaire’s tax. CWA has been fighting for a millionaire’s tax for years, and this budget finally forces the wealthiest New Jerseyans (with incomes of $5 million and above) to pay their fair share. The Corporate Business Tax (CBT) also increases for four years. Corporations that are expecting huge windfalls from the Trump tax plan will be paying higher taxes to the State of New Jersey. These revenue generators will ensure that New Jersey will end the fiscal year with a surplus of approximately $750 million.
So, again, thank you, thank you, thank you to the members of CWA Local 1036. Many Stewards and Retirees stepped up repeatedly within the last two weeks to mobilize and bring members into the fight.
In unity there is strength!