Governor Murphy’s $9B Borrowing Plan Has Complete Support of HCDO

In a press release issued on Saturday night, the Hudson County Democratic Organization announced that County Executive Tom DeGise, along with the entire Hudson County Legislative Delegation, was in complete agreement with, and support for, Governor Phil Murphy’s emergency plan to borrow $9 billion.  The move is intended to give municipal, county and state governments the financial infusion they desperately need to prevent layoffs of government workers so essential services can continue to be provided to the public.

Here is the press release issued last night by HCDO Chairwoman Amy DeGise:

Hudson County Legislators Support Gov. Murphy’s Emergency Borrowing Plan

JERSEY CITY, NJ — Hudson County Democratic Chairwoman Amy DeGise is announcing that the county’s full legislative delegation supports Governor Phil Murphy’s emergency borrowing plan and will vote to approve it when it is heard in the State Senate and Assembly. Along with much needed direct federal support that U.S. Senator Bob Menendez and the state’s congressional delegation are working tirelessly to obtain, the Governor’s borrowing plan will prevent potentially massive layoffs of public sector workers, from police officers, EMTs and other first responders to teachers and even public health workers, among many others.

The county’s legislative delegation is releasing the following joint statement:

“The COVID-19 crisis has pushed our local, county and state governments nearly to the breaking point as frontline employees have dealt with an unprecedented situation and worked tirelessly to care for our communities. Forcing these government agencies to now lay off thousands of essential workers during this pandemic absolutely cannot be allowed to happen. We believe that Governor Murphy’s emergency borrowing plan is a sound fiscal strategy that will provide state, local and county governments with the funding needed to continue providing the essential services that our residents rely on. We thank Assembly Speaker Craig Coughlin for supporting the Governor’s plan and posting it for a vote, and we ask Senate President Steve Sweeney to do the same.”

The legislators and other Hudson County elected officials supporting Governor Murphy’s emergency borrowing plan are:

State Senator Sandra Cunningham (LD-31)

State Senator Nicholas Sacco (LD-32)

State Senator Brian Stack (LD-33)

County Executive Tom DeGise

Assemblyman Nicholas Chiaravalloti (LD-31)

Assemblywoman Angela McKnight (LD-31)

Assemblywoman Angelica Jimenez (LD-32)

Assemblyman Pedro Mejia (LD-32)

Assemblyman Raj Mukherji (LD-33)

Assemblywoman Annette Chaparro (LD-33)

Governor Murphy’s Republican challenger, Jack Ciattarelli, a former New Jersey Assemblyman from Raritan, District 16, has threatened to sue the Governor if his proposal to borrow $9 billion moves forward and receives Legislative approval.

Ciattarelli’s campaign website, Jack4NJ.com, quotes the Assemblyman’s distain for Governor Murphy’s borrowing plan, calling it unconstitutional.

“Four months ago, we launched a campaign to fix what is broken in New Jersey. To lower property taxes. To improve our business climate. To reform public employee benefits. To spur job growth, wage growth, and restore our fiscal health.

To put a stop to our soaring state debt, which is the highest in the nation. Downgraded 12 times in the past 10 years, our state debt is making New Jersey unaffordable for starting a family, building a small business, or retiring. 

Unfortunately, Governor Murphy has made it clear that rather than fixing these problems he intends to plunge us deeper into debt – pouring gasoline all over an already raging fiscal fire.

He also said he is willing to increase property taxes to pay off new borrowing.  Worse yet, he is even willing to violate our State Constitution to borrow more.

I’ve had enough. If Governor Murphy moves forward with his unconstitutional borrowing scheme, he will see me in court!”

 

 

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