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Senator Declan O'Scanlon

O’Scanlon Introduces Interest Arbitration Legislation to Reinstate Expired Cap

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Interest Arbitration Cap Saved Property Taxpayers Almost $600 million in Direct Costs and Billions Overall from 2011 to 2017

Senator Declan O’Scanlon has introduced legislation that would reinstate one of the key tools that allowed New Jersey’s two-percent property tax cap to successfully contain the growth of tax bills from 2011 to 2017.

Sen. Declan O’Scanlon has introduced interest arbitration legislation to reinstate caps that saved property taxpayers almost $600 million from 2011 to 2017. (SenateNJ.com)

The interest arbitration cap limits to two-percent annually the salary increases that can be awarded when disputed police and fire contracts enter the process of binding arbitration.

“One of the biggest mistakes made by the Legislature in recent memory was allowing the arbitration cap to expire at the end of 2017,” said O’Scanlon (R-Monmouth). “If we don’t act quickly to reinstate the arbitration cap we’ll quickly see arbitration awards that exceed the 2% tax cap and the beginning of the evisceration of that essential property tax control. As the noose tightens, we’ll see labor costs skyrocket over time and eat up local budgets at the expense of other important programs and services. That would likely lead to the failure of New Jersey’s two-percent property tax cap. Let me be clear, any legislator who doesn’t back this bill is standing for higher property taxes. One cannot legitimately say he or she backs property tax caps without embracing this bill.”

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Senator Mike Doherty

Doherty Supports Counties & Municipalities in Call for Permanent Interest Arbitration Cap

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Says Cap Critical to Limiting Property Tax Increases

Senator Mike Doherty (R-23) issued a statement in support of the efforts of the New Jersey League of Municipalities and New Jersey Association of Counties to make permanent the state’s cap on interest arbitration awards.

Sen. Mike Doherty expressed support for the efforts of the New Jersey’s counties and municipalities to make permanent the state’s cap on interest arbitration awards. (SenateNJ.com)

“The elected officials who manage our towns and counties on a daily basis have told us that it’s a certainty that property taxes will rise or services will be cut if the interest arbitration cap is allowed to expire,” said Doherty. “This cap is the primary reason that property tax growth has slowed over the last eight years from the runaway increases of the McGreevey and Corzine years.”

Doherty was a prime sponsor of legislation (S-5) enacted in 2010 that limits the salary increases that may be awarded when disputed police and fire contracts enter the process of binding arbitration to two percent.

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Senator Tom Kean

Kean Bill Will Bring Global Market to NJ, Streamline International Arbitration

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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.

Sen. Tom Kean’s bill would streamline the international arbitration process, encouraging international businesses to set up shop in New Jersey. (SenateNJ)

“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.”

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Senator Mike Doherty

Doherty Praises Passage of New Arbitration Award Cap to Protect Property Taxpayers

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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.”

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Senator Tom Kean

Kean: Failure to Extend Arbitration Cap Cripples Bipartisan Reforms to Curb Property Tax Growth

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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?

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Senator Mike Doherty

Doherty, Kyrillos Urge Assembly Action on Arbitration Cap

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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.”

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Senator Mike Doherty

Doherty: Passage of Arbitration Law Is Real Property Tax Reform

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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.

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Senator Bob Singer

Singer Statement On Arbitration Reform

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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.

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Senator Mike Doherty

Senator Michael Doherty Hails Passage of Arbitration Agreement

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Senator Michael Doherty, a member of the Senate Budget and Appropriations Committee, issued the following comments regarding Senate passage today of binding arbitration reform:

“Today’s passage of arbitration reform, by the Senate is extraordinary. Less than a year ago, few people in the state thought that an agreement of this magnitude that has the potential to dramatically reform property tax levies, could be reached.

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Senator Tom Kean

Sen. Kean Hails Bi-Partisan Arbitration Reform Plan

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State Senator Tom Kean, Jr. today issued the following statement praising the arbitration reform agreement between Governor Christie and legislative leaders:

“By working together, we have restored balance to the arbitration process to better control property taxes for middle-class families,” said Senator Kean. “Too many families have reached a breaking point with their ability to afford the costly expenses of local government. With this agreement, public employees and taxpayers can continue to live, work, and raise their families in a state that is more affordable for all. This is truly a historic day for New Jersey.”

Republican Senators

Tom Kean

District 21 - Republican Leader

Kip Bateman

District 16

Chris Brown

District 2

Anthony Bucco

District 25

Gerald Cardinale

District 39

Kristin Corrado

District 40

Michael Doherty

District 23

Jim Holzapfel

District 10

Steven Oroho

District 24

Declan O'Scanlon

District 13

Joe Pennacchio

District 26

Robert Singer

District 30

Samuel Thompson

District 12

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