NJBIA Statement on State Budget Resolution

NJBIA President & CEO Michele S. Siekerka issued the following statement on Monday night regarding the resolution of the state budget impasse.

“The New Jersey Business & Industry Association, on behalf of its 20,000 member companies, is thankful that the Senate President and Assembly Speaker have reached a resolution to the budget impasse that the Governor will sign to end the government shutdown and reopen state parks on the Fourth of July.

“Compromise is never easy, but it can be done when all sides put the best interests of taxpayers over partisan politics. While it is a shame that it took a government shutdown over Horizon for the concerns of the business community to be heard, we are pleased that sound reasoning has prevailed and that the policyholders and small business owners across the state will be protected.

“The $34.7 million budget will be a good one that preserves the business tax cuts made in 2011, maintains the total repeal of the estate tax in 2018, and provides added school aid to help hold down property taxes. NJBIA is pleased Gov. Christie has agreed to this compromise so that the State of New Jersey is once again open for business.”