New Jersey's 26th Legislative District

Senator Joe Pennacchio

Senator Joe Pennacchio

Pennacchio: Report Demonstrates the Critical Need to Rescue Pension and Health Benefits Funds

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Doing Nothing Is the Worst Possible Option

Senator Joe Pennacchio (R-Morris, Passaic), a member of the Senate Budget and Appropriations Committee, issued the following comments regarding published reports that place the soundness of New Jersey’s pension and health benefits systems at the bottom among the states.

“The study by the Pew Center on the States as reported by the Asbury Park Press is quite sobering. The report highlights the critical need to move forward on reforms that will protect the long-term sustainability of this state’s pension and health benefits systems.

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

Republican Members of the Senate Budget and Appropriations Committee Call for Action on Higher Education Reforms

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Four Republican members of the Senate Budget and Appropriations Committee, Senate Republican Budget Officer Tony Bucco and Senators Steve Oroho, Joe Pennacchio and Mike Doherty called for swift action on higher education “toolkit” reforms proposed by Governor Chris Christie to help improve the affordability of public colleges and universities. The measures are supported by the Governor’s Higher Education Task Force Chairman, former Governor Tom Kean.

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Senator Joe Pennacchio

State Supreme Court Over-Reaches Again

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Senator Joe Pennacchio (R-Morris/Passaic) stated that New Jersey’s State Supreme Court has reached a point where not only are they unconstitutionally “legislating” state fiscal and public policy, but also challenging us on what taxes must be raised to satisfy their thirst for judicial activism.

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

Senate Republican Budget Members Compliment the Administration’s Responsible Transportation Plan

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Both Sides of the Aisle Praise Commissioner Simpson’s Efforts

The five Republican members of the Senate Budget and Appropriations Committee issued the following statement complimenting the Christie Administration’s transportation plan.

“New Jersey’s interconnected transportation network is critical to the economic well-being of this state. In this tough budget environment it is difficult to provide the necessary resources to adequately maintain our transportation infrastructure.

“The FY ’12 Capital Program appropriation provides $3.5 billion in funds to keep our roads, bridges and trains in good condition. These monies are appropriated without any new taxes or additional borrowing.

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

Senate Republican Budget Members Call for Immediate End to Ill-Conceived Early Release Program

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The five Republican members of the Senate Budget and Appropriations Committee agreed today with Governor Christie, Attorney General Dow and former Governor Corzine that the provision requiring early release of inmates in the law be immediately repealed:

“It is unfortunate that the commitment that former Governor Corzine received to repeal this ill-conceived provision of the law was not honored. In fact, Governor Corzine at the time he signed the bill, issued a signing statement that reads in part; ‘that the provision of the bill that would require parole release six months before the maximum expiration of the sentence in cases where the No Early Release Act does not apply, will be removed through immediate remedial legislation.’

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

Senate Republican Budget Members Call for Hearings on Higher Education Task Force Recommendations

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The five Republican members of the Senate Budget and Appropriations Committee lauded the Governor’s commitment to quality, affordable, higher education in New Jersey as evidenced by the work of Governor Christie’s Higher Education Task Force. The Senators called for immediate hearings to consider the Task Force’s recommendations:

“It is critically important that we take immediate steps to moderate the rise in tuition rates in New Jersey. The Senate would greatly benefit from immediate hearings on the report and from the Task Force’s chairman, Former Governor Thomas Kean.”

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Senator Joe Pennacchio

Pennacchio: Pension System Sinks Into Greater Insolvency Due to Inaction

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Doing Nothing Is the Worst Possible Option

Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee and sponsor of S-2705, issued the following statement regarding the delay in adopting pension and health benefits reform:

“Everyone agrees that reforming the public employee’s pension and health benefits allowances is critically necessary to returning New Jersey to fiscal health. The reforms that are ultimately adopted must address current budget shortfalls as well as projected shortfalls over the next several decades.

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

Republican Members of Senate Budget & Appropriations Committee Praise Administration for Fiscal Discipline

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The Republican members of the Senate Budget and Appropriations Committee agreed with State Treasurer Sidamon-Eristoff that continued fiscal discipline is required to continued New Jersey’s recovery from the most severe recession in more than 70 years. The Republican members of the Committee are: Senators Bucco, Oroho, Pennacchio, O’Toole and Doherty.

“The testimony presented by the State Treasurer clearly shows that, while we have a long way to go on the road to recovery, the Administration’s commitment to fiscal discipline is working. The state revenue picture is better, and more stable, today than it was just one year ago in the midst of the worst recession our state has seen in 70 years.”

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Senator Joe Pennacchio

Pennacchio: What’s Going On Here? SBA Hearings Cancelled Again

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Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee (SBA),  issued the following statement regarding the cancellation of Wednesday’s Senate Budget and Appropriations Committee. The Senator questioned the approach to the scheduling of the SBA meetings being applied. The Department of Community Affairs and the Department of Environmental Protection were scheduled to testify tomorrow on their budgetary priorities.

“It is unfortunate that tomorrow’s hearings before the Senate Budget and Appropriations Committee have been canceled. The two departments scheduled to appear before the committee are closely involved in many of New Jersey’s most significant issues including, COAH, municipal aid and land use questions.

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Senator Anthony Bucco
Senator Joe Pennacchio

Bucco and Pennacchio Disappointed Treasurer’s Testimony Canceled

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Senate Republican Budget Officer Tony Bucco and Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, expressed their disappointment that the testimony of State Treasurer Sidamon-Eristoff was canceled today:

“It is unprecedented that the testimony of the State Treasurer would be canceled on the opening day of the state budget season. This morning’s testimony by David Rosen, the OLS Legislative Budget and Finance Officer, was instructive on the improving health of New Jersey’s budget,” Bucco said.

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