New Jersey's 10th Legislative District

Holzapfel, McGuckin & Catalano

District 10

10th District Lawmakers: Murphy Needs a Plan for Revenue Windfall

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Call for Full Funding for Suburban Schools that Have Suffered Significant Cuts

Senator Jim Holzapfel and Assemblymen Greg McGuckin and John Catalano of the 10th Legislative District released the following statement after revised state revenue figures indicated New Jersey will have an additional $5 billion in unexpected revenues for the next fiscal year, which begins July 1:

The Murphy Administration is sitting on $11.5 billion, and Senator Jim Holzapfel and Assemblymen Greg McGuckin and John Catalano want some of the money to fully fund school districts that have faced significant cuts in in Brick, Toms River, and Ocean County. (Wikimedia Commons)

“The Murphy Administration is holding a massive bundle of cash and, as usual, they aren’t discussing their plans with the Legislature or the public. This is yet another example of the Murphy Administration’s lack of transparency.

“This is budget season, and they should have been well aware that tax receipts were exceeding expectations by billions of dollars. The state treasurer was scheduled to update the Senate and Assembly Budget Committee on state revenues this week, but she backed out of the hearing when news leaked of the windfall.

“Combined with nearly $6.5 billion in federal relief received a week ago, the Murphy administration will have $11.5 billion in cash that can provide relief to New Jersey’s beleaguered taxpayers. Unfortunately, it’s difficult to have any confidence in the Governor’s spending priorities.

“The Administration should be discussing plans with the Legislature to prioritize needs and appropriate money to best benefit New Jersey residents.

“For starters, with an extra $11.5 billion at his disposal, there’s no financial justification for Governor Murphy to cut state funding to the suburban schools in Brick, Toms River, and Ocean County that have been clobbered by the Administration’s budgets over the past few years.”

Funding to reverse Governor Murphy’s school aid cuts was included in a comprehensive balanced budget plan submitted earlier this week by Republican senators before the additional $5 billion in State revenues was revealed.

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