Posted on 10/26/2010 8:07:38 AM PDT by Andrea19
In a victory for property tax reformers, Gov. Christie and local elected officials of both political parties, NJ Assembly Speaker Sheila Oliver tabled legislation yesterday that represented reform in name only. AB 3393, a bill Democratic leadership claimed would reform local governments' broken binding arbitration process, would have done almost nothing to control spiraling local government employee compensation costs.
The governor and Democratic local elected officials like Essex County Executive Joseph DiVincenzo, Jr. and Elizabeth Mayor Christian Bollwage made the convincing case to Assembly Democrats that a hard cap on binding arbitration awards, absent from AB 3393, is a necessity to control costs to counties and municipalities and make the recently-passed 2 percent property tax cap workable...
Read more: http://www.atr.org/nj-assembly-abandons-weak-arbitration-reform-a5512#ixzz13TapB8pf
(Excerpt) Read more at atr.org ...
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