Budget statement: Assembly majority leader Louis Greenwald
Assembly Majority Leader Louis Greenwald issued the following statement after the Assembly adopted the state budget for fiscal year 2022:
“I am proud of the work done in partnership with the Governor and the Speaker of the Senate to produce a fair and responsible budget that seeks greater economic vitality and growth that will benefit all New Jersey residents.
“With $ 3.7 billion in unanticipated revenue, this budget goes beyond the priorities we initially set for ourselves. Our spending supports the country’s best public education system, delivers nine new major tax relief programs for working families, seniors and students, and fulfills our full pension obligation for the first time in 25 years.
“With a record $ 6.9 billion in pensions, over $ 100 million in new savings for colleges, increases of over $ 650 million in educational assistance, $ 10 million for hunger relief efforts and a $ 500 rebate for 760,000 hard-working families, it’s not just jobs… It’s life-changing contributions that put money back in people’s pockets , control property taxes and protect those made vulnerable by the pandemic.
“Building on our commitments to put New Jersey on a stronger fiscal base, in this budget we also made great strides towards paying down major debt with $ 3.7 billion frozen for defeasance and long-term borrowing. term at lower cost. Infrastructure investment projects, as supported by this budget, will enable us to move towards clean energy, safer drinking water and access to health care for safer and more equal communities.
“Together, our budget forms an incredibly comprehensive and strategic spending plan for New Jersey, and we’ve done it without new taxes or fees.”