N.J. GOP Chair takes on Murphy, Democrats over Monday spending binge

By The Staff 
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It’s going to be another expensive day in Trenton, Save Jerseyans.

In a change of pace from recent cycles, the NJGOP seized upon the Democrats’ agenda to go on offense.

“How NJ Dems will vote to fix your property tax problems today: remove $175,000 salary cap on school superintendent pay, $300M annual subsidy to NJ’s nuclear power plants, $15.6M in salary raises for Gov’s cabinet members, legis staff etc. by 2020. And that’s just today….” tweeted NJGOP Chairman Doug Steinhardt.

New Jersey property taxes hit a record high in 2017 notwithstanding a slower pace of growth thanks, in large party, to Christie era arbitration and “cap” reforms. 

The controversial PSEG nuclear subsidy bill is particularly contentious under the Dome; PSEG has threatened to close its power plants without legislative intervention.

In a separate Monday morning statement, Steinhardt demanded to know how much Murphy could stand to personally profit if he signs the legislation into law.

“Before Governor Murphy signs a $3 billion tax-hike on middle class New Jersey that goes straight into the pocket of a for profit company and its Wall Street investors, the public deserves to know how much Murphy could personally profit from this deal,” said Steinhardt. “Murphy is a former Goldman Sachs executive and he still rakes in millions of dollars from investments every year. Public finance records reflect that Goldman Sachs is a major investor in PSEG and that it stands to benefit tremendously from this legislation. If Governor Murphy is going to sign a multi-billion dollar tax-hike where not a single cent goes to making our schools better, communities safer, or residents healthier, we deserve some transparency on his end.”

Murphy’s fortune is derived “from investments in hundreds of companies and owns residences in Berlin, Germany and Terni, Italy” according to 2017 mandatory disclosure forms. The Governor did previously promise to place his investments into a so-called “blind trust” for the duration of his gubernatorial tenure.  

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