New Jersey's 26th Legislative District

Senator Joe Pennacchio

Senator Anthony Bucco
Senator Joe Pennacchio
Senator Mike Doherty
Senator Steve Oroho

Republicans Call on Democrats to Approve Property Tax Cap Now

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Today the five Republican members of the Senate Budget and Appropriations Committee called on Democrats to concur with Governor Christie’s conditional veto of S-29, a statutory cap on property taxes. His conditional veto would impose a hard cap on property taxes and give voters a say in taxes.

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Senator Anthony Bucco
Senator Joe Pennacchio
Senator Mike Doherty
Senator Steve Oroho

Budget Committee Members: Library Funding Restored in FY 2011 Budget

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$4.3 Million Returned to 304 State Libraries

Five Republican members of the Senate Budget and Appropriations Committee announced today that $4.3 million in funding for public libraries has been restored in next year’s state budget:

“No one denies that this year’s state budget is the most challenging budget in living memory. Of the many necessary savings that were made this year, cutting libraries has been one of the most problematic and difficult,” the members stated.

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Senator Joe Pennacchio

Pennacchio’s “Transparency in Government Act” Clears Senate

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Legislation sponsored by Senator Joe Pennacchio (R-Morris) that would create a user friendly, easy to navigate web site that would allow taxpayers to see how their money is being spent, passed the Senate today.

“I am very grateful for the support of Governor Christie, Senate President Sweeney, Senator Tom Kean and Senator Codey,” Pennacchio stated. “I am hopeful that the General Assembly acts quickly on this measure so that it can be signed into law before the summer recess.”

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Senator Joe Pennacchio

Pennacchio: Testimony Raises Questions About the Value of Any Income Tax Increase

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Was New Jersey’s Tax Increase New York’s Gain?

Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, issued the following statement regarding OLS Budget and Finance Director David Rosen’s testimony regarding the benefit to New Jersey from Jon Corzine’s temporary income tax hike.

“Last year then-Governor Jon Corzine imposed an income tax surcharge on New Jersey residents. The Division of Taxation estimated $300 million of the Corzine tax increase would be offset by credits to New Jerseyans who work in New York. Unfortunately, it seems that the estimate could be off by as much as $200 million under a theory suggested by OLS at today’s budget hearing. What sense does it make for New Jersey to increase taxes by $900 million only to lose a significant portion, if not a majority of it, to a neighboring state?

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Senator Joe Pennacchio

Pennacchio: UI Fund Needs Long Term Reform Not Short Term Fix

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Legislation Just Delays the Problem Another Year

Senator Joe Pennacchio, the senior Republican member of the Senate Labor Committee, issued the following comments regarding the passage of legislation that will merely delay the returning solvency for another year.

“The state UI Fund is drowning in red ink. To date we have already borrowed $1.6 billion in order to meet our current obligations to those who are out of work.

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Senator Joe Pennacchio

Pennacchio’s “Transparency in Government Act” Clears Senate Committee

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Legislation Includes All Levels of Government

Legislation sponsored by Senator Joe Pennacchio (R-Morris) that would create a user-friendly and easy to navigate web site that would allow taxpayers to see how their money is being spent, unanimously passed the Senate Budget and Appropriations Committee today.

“I am very grateful that one of Chris Christie’s first official acts as Governor was to issue an executive order bringing greater openness and accountability to state spending, ” Pennacchio stated. “It is now time to codify this executive order and make it an official law.

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Senator Anthony Bucco
Senator Joe Pennacchio

Bucco/Pennacchio Bill to Require Helmets on Ski Slopes Clears Committee

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Legislation sponsored by Senators Anthony Bucco and Joe Pennacchio that would require skiers under the age of 18 to wear helmets on the slopes unanimously passed the Senate State Government, Wagering, Tourism and Historic Preservation Committee today.

“Skiing is an inherently dangerous sport,” Bucco stated. “It is necessary to mandate the use of helmets on the slopes by young people because of their relative lack of experience and the high speeds involved.”

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Senator Joe Pennacchio

Pennacchio Disappointed Unemployment Insurance Reform Delayed Another Year

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Senator Joe Pennacchio, a member of the Senate Labor Committee, issued the following remarks regarding the watered down Unemployment Fund Reform bill released by the Senate Labor Committee today:

“I am disappointed that the Senate Labor Committee did not choose to release my bill, S-1854, that would have provided for the long-term structural reform of the state’s bankrupt UI fund. To date, New Jersey has borrowed more than $1.4 billion from the federal government just to meet current obligations.

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Senator Joe Pennacchio

Pennacchio Asks Senate President Sweeney to Post S-1854, UI Fund Reform Bill

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Legislation Will Prevent $1 Billion Tax Increase

Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, asked Senate President Sweeney to post legislation, S-1854, which would reform the state UI Fund to prevent a $ 1 billion tax increase that will take effect July 1, 2010. The bill and the letter are attached.

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Senator Anthony Bucco
Senator Joe Pennacchio
Senator Mike Doherty
Senator Steve Oroho

Senate GOP: It’s Refreshing to Hear of Responsible Spending

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Department of Military & Veterans Affairs Does Job Efficiently

The five Republican members of the Senate Budget and Appropriations Committee commended the Department of Military and Veterans Affairs today for operating efficiently.

It is refreshing to hear that this agency continues to be a responsible steward of public resources. It was made evident today that the Department of Military and Veterans Affairs not only proudly represents the men and women who faithfully served our country, but also operates in an open and cost-effective manner.

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