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New Jersey Citizen Action Statement On Gov. Murphy's Use Of Veto Power To Reform Eda Corporate Tax Subsidy Program

Insider NJ — August 23, 2019

New Jersey Citizen Action released the following statement today in support of Governor Phil Murphy's use of veto power to reform the New Jersey Economic Development Authority's corporate tax subsidy program.

"We support Governor Murphy taking swift action to veto this legislation," said Dena Mottola Jaborska, Associate Director of New Jersey Action. "The EDA's corporate tax subsidy program needs major overhauls before it can be allowed to continue. The legislation the Governor plans to veto was far too weak and falls far short of the reforms the program needs. The governor's conditional veto includes many important reforms, including caps on total spending on corporate subsidies annually. We call on the Legislature to support and act on much more comprehensive reforms without delay."

Last week NJCA and 5 other groups called for 6 major reforms to the EDA's corporate tax subsidy program:

"The Legislature's failure to act would only continue a mismanaged and corrupted corporate tax subsidy program that has benefited mostly politically connected corporations, some which have acted fraudulently, at the expense of New Jersey taxpayers," said Mottola. "New Jersey taxpayers will be watching how the Legislature acts and expect them to enact meaningful reforms."

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