Here is the latest update and ACTION ALERT for the State Budget situation. A shut down on July 1 seems more and more likely as time goes on. The Legislature’s last scheduled session day is this Thursday, June 28th.
The budget passed by the Legislature last week is out of balance. It overestimates revenue and cost-cutting that will definitely result in a midyear budget shortfall … which will put our pension payment and public services at risk.
1. RIGHT NOW! Call your Legislators at 609-400-4763. These calls are really, really important! Legislators have reported receiving thousands of calls and it is the best way to communicate our message. The Legislature and Governor need to reach a compromise and finalize a budget this week. We cannot have a shutdown.
Please call your Legislator and tell them:
The current budget the Legislature has passed will lead to cuts and layoffs and more credit downgrades. A compromise must be reached with the Governor that includes a Millionaires tax which is supported by 70% of New Jersey.
2. Monday, June 25th - Governor Murphy is holding a statewide Town Hall call Monday night at 7p.m. You can join by calling 609-246-3298 at 7 p.m.
3. Tuesday, June 26th - CWA Town Hall Call. You can join the call by dialing 888-409-5380 so you can hear a budget update from CWA leadership. We have a special guest on our CWA call - Gov. Murphy.
4. Thursday, June 28th - Mobilization at State House starting at 10am. We need hundreds of members there. This is the last day the Legislature may vote on a revised budget proposal, so we need maximum pressure on Thursday.
Here is what is going on:
The New Jersey Legislature has passed a budget that the Governor will not sign because it relies on an overstatement of revenues and savings and it will not pay for the budget priorities that both the Governor and the Legislature have agreed upon, including increased education funding, increased funding for public transportation, a significant pension payment, and funds for other important priorities such as property tax relief and services that have been cut under Chris Christie.
The Legislative Budget assumes that there is $1 billion in new revenue from a Corporate Business Tax (that will sunset in two years) when the Governor and the Treasurer say that it will bring in far less than that. Not only that, the Legislative Budget leaves a gaping loophole - it does not require that multi-state business "combine" their reporting, which will allow such business to claim their profits in a state with a lower Corporate Business Tax, thus defeating the purpose of raising the CBT in the first place.
The Leadership of the Legislature and the Governor appear to be at impasse and we are a few short days from one of two terrible results. Either the Governor must cut hundreds of millions from the spending side of the Legislature's budget because they haven't passed the revenue for that spending, or there will be a possible shut down of Government - an action that will close government services and result in the lockout of tens of thousands of workers.