Posts matching: arbitration
The New Jersey Senate has passed Senate Republican Leader Tom Kean’s bipartisan bill to simplify the international arbitration process for businesses that choose to set up shop in New Jersey.
“Companies that engage in global trade are searching for states with laws that allow them to pursue simpler, less expensive ways to resolve international disputes,” Senator Kean (R-Union) said. “Right now, only a handful of U.S. states have laws that facilitate a streamlined arbitration process. Enacting this law will establish New Jersey as a premier destination for international businesses and corporations who have the capacity to create thousands of in-state jobs.”
Senator Michael Doherty (R-23) praised the New Jersey Senate’s approval of new legislation, A-3424, capping the annual salary increases that may be awarded by arbitrators during contract disputes between public employers and their police and fire departments.
“Arbitration caps limiting salary increases are a critical element that make possible New Jersey’s two-percent property tax cap, which has succeeded in drastically lowering the rate of property tax increases in recent years,” said Doherty. “Without this agreement, we’d likely return to the massive annual property tax increases of the McGreevey and Corzine years.”
The following letter to the editor by Senator Jennifer Beck (R-11) on the need to make the two-percent binding arbitration cap permanent to help local governments lower costs and protect property taxpayers was published in the Star-Ledger on April 17, 2014:
Preserve 2% award cap
Few things in government are ever black and white. Most fall within shades of gray, to be parsed out by policymakers. But the current issue of the expired binding arbitration cap is not one of these. The message is simple: We must make this law permanent. Allowing this critical law to expire is a serious disservice to our constituents.
Senate Republican Leader Tom Kean Jr., (R-Union, Somerset, Morris) issued the following statement today after joining Governor Christie, state and local elected leaders in urging the Assembly Majority to take action on legislation extending the 2-percent interest arbitration award cap.
“The Senate Republican Caucus stands with Governor Christie in urging the passage of this bipartisan legislation to extend the 2-percent cap on arbitration awards. It’s no coincidence that under the cap, contracts and property taxes grew at the lowest levels in decades.
“Unfortunately, we now stand to lose the progress we have made. How can we expect municipalities to hold down costs if there’s no ability to control arbitration awards for police and fire salaries?
Senators Michael Doherty and Joe Kyrillos, who sponsor legislation capping arbitration awards at two percent, urged the Assembly to pass the current bipartisan cap extension legislation.
“Assembly Democrats’ refusal to extend the cap on arbitration awards has placed towns on the precipice of having to choose between raising property taxes to pay for limitless spikes in salaries or eliminating critical services,” said Doherty (R-Hunterdon, Warren, Somerset). “We can’t let this ticking bomb explode, eliminating the historic bipartisan reforms made in the last four years to limit property tax growth.”
“Municipal officials have made it abundantly clear that without this means to control public employee contracts they lose the key tool to keeping costs in check and to stay within the current property tax cap,” said Kyrillos (R-Monmouth). “The Assembly must act now to extend the cap, or once again already overburdened taxpayers across the state will be on the losing end.”
Senator Joe Kyrillos (R-Monmouth) issued the following statement on the bipartisan legislation to extend the arbitration award cap.
“Once again the New Jersey Senate has proven they will stand strong to try to keep property tax increases in check,” Kyrillos said. “It is imperative that the Assembly now do the same by passing the extension of the arbitration award cap.”
“If the cap on police and fire contracts expires, it will weaken municipalities’ ability to keep property tax increases in check and will result in bargaining units being severely pitted against one another,” said Kyrillos. “If the police and fire unions do better, what happens to other municipal unions and their interests? If this cap is not in place, how can we expect our municipalities to comply with the overall two percent property tax cap?”
Senator Joe Kyrillos (R-Monmouth) urged legislative Democrats to reconsider posting a bill for a vote that would make permanent the 2-percent arbitration award cap.
“The proposal to increase the cap, cut into healthcare savings and raise property taxes in many communities, and ultimately eliminate the cap in a few years is clearly not the way to go,” Kyrillos said. “The people of our state want to make permanent our current bipartisan cap on local pay raises that has dramatically decreased property tax growth since Gov. Christie took office.”
Recent Decision by Arbitrator Prevented Local Freeholder Board from Implementing Change to Save Taxpayers More than $1 million
A bill drafted by Senator Dawn Marie Addiego and Assemblyman Scott Rudder will abolish the outmoded binding arbitration process.
“Binding arbitration is a tired and obsolete process that has led to escalating property taxes for more than 30 years,” said Senator Addiego. “It is a one-way street that ties the hands of government officials, prevents them from doing their jobs, and it ensures ever-increasing tax bills for our residents.”
Senator Michael Doherty, a member of the Senate Budget and Appropriations Committee, issued the following comments regarding his binding arbitration bill that was signed into law today. Senator Doherty is the primary sponsor of the legislation.
“Governor Christie’s signing the arbitration bill into law today is revolutionary. Only a few months ago, few people in the state thought that an agreement that has the potential to dramatically reform property tax levies, would be achievable.
Senator Robert Singer (R- Ocean) issued the following statement following Governor Christie’s formal signing into law of interest arbitration reform:
“Today, reform that many in New Jersey thought impossible has become law: a reasonable cap on interest arbitration awards. State government has taken a momentous step in stabilizing out of control property taxes and restoring faith with a public angered by the imposition of public employee contracts more generous than those enjoyed by the average taxpayer.