August 14, 2018
New Jersey Economic and Fiscal Policy Workgroup
We are forwarding this letter to you at the request of Senate President Steve Sweeney, Senator Steve Oroho and Senator Paul Sarlo. The report which is referenced can be downloaded from the website provided.
Last Thursday, the New Jersey Economic and Fiscal Policy Workgroup issued its final report which provides a series of recommendations that will help avert crisis conditions, maintain fiscal stability, reduce the cost of government and allow the state to support vital needs and services. The Working Group proposals, which is included in this correspondence, covered five main categories:
1) Pension and Benefit Reform
2) Education Reform at the Administrative Level
3) County and Municipal Government Reform and Shared Services
4) State and Local Government Tax Structure
5) Leveraging Assets to Stabilize the Pension System
In addition, just yesterday we launched the “PathToProgressNJ: Policies To Save New Jersey” website to provide a forum and a source of information on the severity of the fiscal problems that confront state and local government as well as explanations on the proposals to address them. We encourage you to visit the website at www.pathtoprogressnj.org.
As you review the Workgroup’s report, please know that this is just the first step in what will be an ongoing process in the months ahead that will expand to involve local elected officials, stakeholders and the general public in an informed discussion about how to put New Jersey on the path to progress. During the course of the next few weeks, we will be contacting you to arrange an appropriate meeting to further discuss the report and the impact it can have for your municipality.
We thank you for your continued support and look forward to working with you.
Steve Sweeney Paul Sarlo Steve Oroho
Senate President Senator Senator