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Top Story - 8/31/2010

Majority Leader Buono Responds To Governor's Attempt To Sidestep Questions On 'Race To The Top'

TRENTON - Senate Majority Leader Barbara Buono today responded to the Governor's attempt to sidestep questions about the Race to the Top fiasco that resulted in a $400 million loss to the state and the firing of the Education Commissioner.

The Majority Leader was responding, in particular, to comments made today by the Governor that "there's really no enduring mysteries left" with regard to 'Race to the Top.'

Released on 8/31/2010 | Read More

Senate Leadership Calls On Governor To Apologize For 'Attack On Federal Education Officials'

TRENTON – Senate President Stephen M. Sweeney and Senate Majority Leader Barbara Buono sent a letter to Governor Chris Christie requesting that he apologize for the “disparaging and partisan attack on federal education officials” that he engaged in last week to rationalize the State’s error on the Race to the Top education funding application which ultimately cost New Jersey taxpayers hundreds of millions of dollars in federal school aid.

“I can understand that the Governor was upset about the prospect of losing hundreds of millions of dollars to help New Jersey communities which are reeling from his draconian state aid cuts in the FY 2011 Budget,” said Senate President Sweeney, D-Gloucester, Cumberland and Salem. “However, his comments about federal education regulators being ‘mindless drones’ was completely uncalled for, given that the State’s failure was ours’ and ours’ alone. It’s time for the Governor to man up and admit the mistake of his Administration, rather than engage in divisive rhetoric which only serves to damage our relationship with the federal government.”

Released on 8/31/2010 | Read More

Buono: Schundler Firing Takes Controversy Down 'An Entirely New Path'

TRENTON – Senate Majority Leader Barbara Buono today said she will invite former Education Commissioner Bret Schundler, who was fired this morning by Governor Christie, to testify before the Senate Legislative Oversight Committee when it convenes to look into the missteps that doomed the state’s Race to the Top application.

The hearing will be held Sept 23. Yesterday, Majority Leader Buono filed a request through the Open Public Records Act for all documents related to the Race to the Top application. The goal of the hearing will be to ensure that, going forward, similar applications are handled with proper and adequate oversight before being submitted.

Released on 8/27/2010 | Read More

Ruiz Statement On Former Commissioner Schundler

TRENTON – Senator Teresa Ruiz (D-Essex), chair of the Senate Education Committee and vice chair of the Senate Legislative Oversight Committee, released the following statement on Commissioner Bret Schundler’s departure from the Department of Education:

“Firing someone provides no answers as to how we submitted an inaccurate application to the federal government for critical education funding.

Released on 8/27/2010 | Read More

Sweeney Praises Port Authority Agreement On Bayonne Bridge

TRENTON – Senate President Stephen M. Sweeney, D-Gloucester, Cumberland and Salem, today praised an agreement between the New York-New Jersey Port Authority and Developer Larry Silverstein that will result in $1 billion committed to fixing the low-clearance problem at Bayonne Bridge which prohibits new super-sized cargo ships from entering Port Newark and Port Elizabeth:

“Today’s announced agreement between Mr. Silverstein and the Port Authority is good news for New Jersey’s economy, and will result in continued economic viability for our North Jersey ports. Our ports are the gateway to the world, allowing goods to come into New Jersey and beyond, and this agreement will guarantee funds so that we can be ready for the future of domestic and international shipping.

Released on 8/26/2010 | Read More

Buono Files OPRA Request For ‘Race To The Top’ Documents From Department Of Education

TRENTON – Senate Majority Leader Barbara Buono, chair of the Senate Legislative Oversight Committee, today filed an Open Public Records Act (OPRA) request with the Department of Education for information regarding how the administration handled the “Race to the Top” application, which was ultimately submitted with an error that cost the state $400 million in education funding.

The information will be part of the upcoming Senate Legislative Oversight Committee hearing to determine the cause of a flubbed response to a question that caused the state to miss the 10th-place winning spot in the competition which was conducted by the U.S. Department of Education. The committee will review the materials and work to ensure that, going forward, similar applications are handled with proper and adequate oversight before being submitted.

“The goal of the committee will be to establish safeguards within the preparation process of similar applications to ensure that the taxpayers of New Jersey do not miss out on additional federal funding for which the state qualifies,” Senator Buono (D-Middlesex) wrote in a letter to the Education Commissioner. “To do this, we will need to piece together the chain of events that led to this error.”

Released on 8/26/2010 | Read More

In Their Own Words
By Senator Buono

It’s 2010. Modernize Small Business Tax Code In New Jersey.

Innovation is the mother of progress. Today, before leaving the house, I had already text messaged a daughter at college, paid several bills using my laptop and accessed my daily schedule via BlackBerry — all before programming my GPS to guide me to my first morning meeting. Ten years ago? I would have been at the kitchen table juggling a checkbook and phone, all the while searching for my appointment calendar at the bottom of a briefcase. And that first meeting of the day? I’m sure I would have been late.

Technological advancements surround us and have, for the most part, improved our lives. Yet this innovation is sometimes strangely absent in government, where processes and policies often seem stuck in a time warp, to our detriment.

Take tax policy, for example. Our number one revenue generator is still the property tax, which first appeared in colonial times before its “modernization” in 1851. Today, property ownership is no longer considered a reliable indicator of wealth. Other, more equitable state taxes on income, consumption and production are available. Yet in New Jersey, to the dismay of homeowners everywhere, we continue to rely primarily on the overly burdensome and discriminatory property tax to fund government services.

Business also bears the brunt of another outdated area of law. A generation ago, large corporations sustained our economy. Now it is the small businessmen and women who are the engines of prosperity.

We know that most Americans work for a small business. According to the latest Intuit Small Business Employment Index report, small business owners are already leading the nation out of the Great Recession, growing jobs at a 4 percent annual rate.

One would think, therefore, that New Jersey tax policy would treat small employers as … well … employers, giving them the same incentives to invest and hire in New Jersey as are available to corporations. But that’s not the case.

For example, if you are a New Jersey corporation and you lost money last year due to the recession, our state corporate tax allows you up to 20 years to recoup your losses by lowering future tax payments. This policy encourages companies to weather hard times and maintain employment knowing that once good times return, tax policy will help make them whole.