New Jersey's 24th Legislative District

Senator Steven Oroho

Senator Steve Oroho

Oroho: State Revenue Update Undercuts Murphy’s Borrowing Demands

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Treasury Report Shows State’s Cash Receipts for 2020 Declined Just 0.6% from 2019

Senator Steven Oroho (R-24) said a State revenue update provided by the Treasury Department yesterday doesn’t support Governor Murphy’s claims that New Jersey is facing a massive budget shortfall that would require $10 billion of borrowing as the governor has repeatedly suggested.

Sen. Steven Oroho said a State revenue update doesn’t support Gov. Murphy’s claims that New Jersey is facing a massive budget shortfall that would require $10 billion of borrowing. (Pixabay)

“Treasury’s revenue update clearly demonstrates that the massive $10 billion budget hole predicted by the administration has failed to materialize,” said Oroho, the Senate Republican Budget Officer. “When compared to the original $38 billion budget for 2020, the $200 million decline in revenues from 2019 is little more than a rounding error. The realized revenue data provided by Treasury doesn’t support the governor’s continued insistence that New Jersey needs to borrow billions.”

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Senator Steve Oroho

Oroho: Supreme Court Ruling Sets Limits on Murphy’s Borrowing Authority

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Says Pressure on Special Legislative Committee to Carefully Vet Each Borrowing Request

Senator Steven Oroho (R-24) said he’s glad a ruling today by the New Jersey Supreme Court set limits on the Murphy administration’s ability to borrow funds to address budget shortfalls related to COVID-19.

Sen. Steven Oroho said he’s glad a ruling by the N.J. Supreme Court set limits on the Murphy administration’s ability to borrow funds to address budget shortfalls related to COVID-19. (Pixabay)

“While I’m disappointed the Supreme Court didn’t shut down the administration’s irresponsible borrowing scheme completely, I’m glad some guardrails have been set that will limit the damage,” said Oroho, the Senate Republican Budget Officer. “Based on the limitations imposed by the ruling, it’s unlikely the governor will be able to borrow the full $9.9 billion he initially sought. A reduction of a few billion dollars in bonding would save New Jersey taxpayers many billions more in repayments in future years.”

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Senator Steve Oroho

Greenstein/Oroho Bill to Boost New Jersey Manufacturing Clears Committee

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In an effort to improve the competitiveness of New Jersey manufacturers, legislation to establish a permanent new source of funding for the New Jersey Manufacturing Extension Program, Inc. (NJMEP), cleared the Senate Labor Committee today. The funding would be up to $1.5 million. The bill is sponsored by Senator Linda Greenstein and Senator Steve Oroho.

Senator Oroho’s legislation to help increase the competitiveness of manufacturers in the state and establish permanent funding for the New Jersey Manufacturing Extension Program, Inc. was advanced by the Senate Labor Committee today. (SenateNJ.com)

“As a member of the Manufacturing Caucus, I am proud to sponsor this legislation to ensure the State’s support of the manufacturing sector that New Jersey residents depend on,” said Senator Oroho (R-Morris/Sussex/Warren). “The New Jersey Manufacturing Extension Program will help grow jobs and strengthen the State’s manufacturers in the competitive global market. Without costing taxpayers anything, this bill will help increase our share of high-paying jobs and encourage manufacturers to expand here.”

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Senator Steve Oroho

Oroho Bill to Improve Broadband Speeds and Quality in Rural Areas Clears Senate

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The Senate today passed legislation sponsored by Senator Steve Oroho that would bring faster, more reliable internet service to rural areas of New Jersey.

The Senate cleared Senator Oroho’s measure that would bring faster, more reliable internet service to rural areas of New Jersey. (©iStock)

Parts of the state with inferior broadband service, including portions of Sussex and Warren counties in Oroho’s legislative district, would benefit from the bill (S-1458) to bring state-of-the-art technology to communities currently underserved by cable providers.

“Too many neighborhoods in my district are hindered by slow internet speeds and it has taken a toll,” said Oroho (R-24). “Most communities across New Jersey enjoy lightning-fast downloads, but in less populated rural towns, internet users remain stuck in the slow lane.”

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Senator Steve Oroho

Oroho Measure to Establish NJ Manufacturing Week Passes Senate

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Senator Steve Oroho’s resolution to create Manufacturing Week in New Jersey has passed the State Senate.

The legislation, SJR-57, would designate the first week of October of each year as Manufacturing Week.

Sen. Steve Oroho’s resolution to establish ‘Manufacturing Week’ has passed the Senate. (SenateNJ.com)

“As a proud member of the bipartisan Manufacturing Caucus, we are tasked with exploring new strategies to make New Jersey more competitive for manufacturers so they can expand or choose to locate their businesses in the State,” said Oroho (R- 24). “New Jersey has one of the most educated and skilled workforces in the nation, and our ideal location in the Northeast provides manufacturers with the infrastructure for wide-scale distribution of manufacturing products and services. Designating this week is a step toward re-establishing New Jersey as a place that welcomes business and capital investment.”

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Senator Declan O'Scanlon
Senator Michael Testa
Senator Sam Thompson
Senator Steve Oroho

As State Tax Collections Improve, Republican Budget Members Call on Treasurer to Update Financial Disclosures

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Gov. Murphy Continues to Claim $10 Billion Revenue Loss, Which Is Misleading and Exaggerated

The Republican members of the Senate Budget & Appropriations Committee wrote a letter (click here for PDF) to New Jersey Treasurer Elizabeth Maher Muoio urging the State to file new disclosure statements with financial markets to correct grossly pessimistic revenue forecasts. They said an estimated $10 billion revenue loss that Governor Murphy continues to reference is “misleading and exaggerated.”

The Republican members of the Senate Budget & Appropriations Committee urged N.J. Treasurer Elizabeth Maher Muoio to file new disclosure statements with financial markets to correct grossly pessimistic revenue forecasts, saying an estimated $10 billion revenue loss that Gov. Murphy continues to reference is “misleading and exaggerated.” (©iStock)

The members, Senate Republican Budget Officer Steven Oroho (R-24), Senator Sam Thompson (R-12), Senator Declan O’Scanlon (R-13), and Senator Michael Testa (R-1), noted that actual sales tax collections for June were down just 4.6% compared to the same period last year, while the Murphy Administration had estimated a 30% loss. Similarly, they said non-partisan revenue forecasters believe both the Gross Income Tax and Corporate Business Tax have meaningfully exceeded May projections.

They warned: “If an ordinary citizen were to knowingly exaggerate their financial condition and need for money in an effort to secure federal loans and grants, they would risk charges of fraud and prosecution.”

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District 24

Oroho, Space & Wirths Echo Warren County’s Call for Release of Discretionary Aid Contained in NJ’s Federal CARES Act Funding

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Senator Steve Oroho and Assemblymen Parker Space and Hal Wirths (all R-24) released the following statement in support of Warren County’s efforts to secure a fair share of CARES Act funds today:

Senator Oroho and Assemblymen Space and Wirths said unspent federal CARES Act money sitting in a state account should be allocated to help counties. (Pixabay)

“Our taxpayers and county governments are being ignored, and sadly, we have reached a point where we must come together and demand the Administration in Trenton hears us loud and clear.

“We can no longer stand silent as our pleas for help are ignored while the money counties so desperately need has already been delivered by the federal government and is sitting idly in a state account.

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Senator Steve Oroho

Oroho: Governor’s Exaggerations Hurt His Effort to Secure More Federal Aid

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Senator Steven Oroho (R-24) urged the Governor to stop exaggerating the current financial crisis because doing so only damages his credibility when asking for more federal assistance. While the Governor continues to claim that the State has lost $10 billion of budget revenue through June 30, 2021, his Treasurer has made public statements indicating that figure to be exaggerated.

Sen. Steven Oroho urged the Governor to stop exaggerating the current financial crisis because doing so only damages his credibility when asking for more federal assistance. (SenateNJ.com)

The Governor has warned publicly of an imminent cash crisis that would prevent the State from paying its bills for vital services, while his Treasurer has filed statements with the United States Securities and Exchange Commission saying New Jersey’s budget is balanced though September 30, 2020 with a $1 billion surplus.

“The financial crisis we are in is real, and I appreciate any efforts our congressional delegation makes to help our State to secure more assistance,” said Oroho, who serves as the Senate Republican Budget Officer. “The Governor is undermining those efforts when he so clearly overstates the problem and damages his credibility.”

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Senator Anthony M. Bucco
Senator Joe Pennacchio
Senator Kristin Corrado
Senator Michael Testa
Senator Steve Oroho
Senator Tom Kean

Republican Senators: Senate Must Act Now to Investigate Deadly Pandemic Mistakes

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Senate Minority Leader Tom Kean, joined by Republican Senators Joe Pennacchio, Anthony M. Bucco, Steve Oroho, Kristin Corrado and Michael Testa, issued the following statement in response to coverage in The Star-Ledger questioning why the Legislature has failed to act on important hearings to investigate the State’s pandemic preparedness.

Senator Tom Kean and Senate Republicans today called for a Senate Select Committee to immediately begin investigating the Administration’s response to COVID-19. (SenateNJ.com)

“The hearings we called for more than two months ago aren’t happening, and we’re all angry and frustrated. Mistakes were made that cost thousands of people their lives in nursing homes, and we recognize the crucial need to understand what led to the mistakes. Delays and foot-dragging are costing us time we cannot afford to lose.

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Senator Steve Oroho

Editorial: Murphy’s Unconstitutional $10 Billion Borrowing Plan Is ‘Wacko on Steroids’

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The following editorial by Senator Steven Oroho (R-24) on an unconstitutional plan proposed by Governor Phil Murphy to borrow $10 billion to fund State operating expenses over the next 12 months was published by NJ.com on July 15, 2020:

The Murphy Administration and the Democratic legislators are prepared to move forward with the largest borrowing scheme in state history. They are seeking to raise $10 billion through bonding to fund state spending over the next 12 months.

In this NJ.com editorial, Sen. Steven Oroho says the Murphy Administration’s unconstitutional plan to raise taxes and borrow $10 billion without voter approval will hurt New Jersey taxpayers for decades to come. (©iStock)

This fiscally irresponsible plan could cost New Jersey taxpayers tens of billions of dollars in debt and interest payments over the next 35 years, depending on the interest rate. They will say “it’s a good time to borrow because interest rates are low.”

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- Proudly Serving Parts of Morris, Sussex and Warren Counties -