Oroho Concerned by Murphy Administration’s Slow Pace on Debt Retirement
Senate Republican Budget Officer Steven Oroho (R-24) expressed concern with the slow pace taken by the Murphy administration to retire State debt in response to the first public meeting today of Treasury officials to discuss repayment options:
Senate Republican Budget Officer Steven Oroho expressed concern with the slow pace taken by the Murphy administration to retire State debt. (©iStock)
“It’s extremely disturbing that it’s taken Governor Murphy a year to begin discussing ways to retire debt after his administration admitted it borrowed $4.5 billion unnecessarily last fall without voter approval.
Oroho: Poor Forecasting By the Murphy Administration Again. A Looming $252 Million Tax Increase on Employers Unnecessary
Republican Solution Would Use Money from the Feds to Help Save Jobs and Businesses
Senator Steve Oroho blamed faulty forecasting by the Murphy Administration for an enormous business payroll tax increase set to take effect on October 30 to put money into the Unemployment Insurance Fund, which the Administration projected to be almost a billion dollars in the red by the end of June of this year.
Sen. Steve Oroho said the Murphy Administration’s poor fiscal forecasting is to blame for an enormous business payroll tax that will go into effect on Oct. 30. (Pixabay)
In reality, the fund held more than $51 million on June 30, according to government documents; a billion dollar miss.
“After the Murphy Administration so poorly forecasted last year’s revenues which led them to borrow billions of dollars that proved to be completely unnecessary, they woefully forecasted the June 30 unemployment insurance trust fund balance. The unemployment insurance tax increase was not announced until Friday, August 13. There was plenty of time for the administration to recognize that their forecast was way off and to nix any tax increase,” said Senator Steve Oroho, the Senate Republican Budget Officer.
State Funds Will Pave Way for Road Improvements in LD24
Grants Will Help Towns From Having To Raise Property Taxes To Fund Local Road Projects
Senator Steve Oroho, Assemblyman Parker Space and Assemblyman Hal Wirths (all R-Sussex, Warren, Morris) welcomed word of more than $5 million from the state’s Transportation Trust Fund to help pay for 34 road construction projects in Legislative District 24.
Sen. Steve Oroho, Asm. Parker Space and Asm. Hal Wirths welcomed word of more than $5 million from the state’s Transportation Trust Fund to help pay for 34 road construction projects in Legislative District 24. (SenateNJ.com)
The Fiscal Year 2022 Municipal Aid grants announced today include $5,211,064 for projects to resurface and improve roadways, improve safety and traffic flow, and upgrade intersections within the Sussex, Warren and Morris towns located in Legislative District 24.
Governor Signs Oroho-Sponsored ‘Made in NJ’ Legislation
Senator Steve Oroho’s legislation that would alter the verbiage on official State logos denoting the manufacturer of goods in New Jersey became law today.
Sen. Steve Oroho’s legislation supporting New Jersey’s burgeoning manufacturing sector was signed into law by the Governor. (Pixabay)
Products manufactured in the state have been designated as “New Jersey-Made” or “NJ-Made.” Oroho’s bill signed today, A-2765/S-1838, introduces more options: “Made in New Jersey,” “Made in NJ,” or “MINJ.”
Pennacchio/Oroho/Bucco Bill Providing $10 Million to Support Lakes Signed Into Law
New Law Funds Maintenance of Lake Hopatcong, Greenwood Lake, Other Lakes in Highlands & Pinelands
Legislation sponsored by Senator Joe Pennacchio, Senator Steven Oroho, and Senator Anthony M. Bucco to supply critical funding to maintain Lake Hopatcong, Greenwood Lake, and other lakes in the Highlands and Pinelands regions has been signed into law.
A newly enacted law sponsored by Sen. Joe Pennacchio, Sen. Steven Oroho, and Sen. Tony Bucco provides $10 million to maintain Lake Hopatcong, Greenwood Lake, and other lakes in the Highlands and Pinelands regions. (SenateNJ.com)
“Our lakes are critical to the ecological and economic well-being of New Jersey, but they have been consistently underfunded by the State,” said Pennacchio (R-26). “This newly approved funding represents the most significant investment in Lake Hopatcong and Greenwood Lake in recent memory, if not ever. We’ll continue fighting to make this appropriation permanent to ensure our lakes get the support they need each and every year.”
Governor Signs Oroho Bill Supporting NJ Craft Breweries
Creates Brewery Tour Trails to Increase Visibility of Microbreweries
Legislation sponsored by Senator Steve Oroho to bolster the state’s growing craft brewery industry was signed into law today.
Legislation sponsored by Senator Steve Oroho and signed into law today will help boost the more than 100 craft beer breweries in the state. (Pixabay)
The new law (A-1091) enlists the Division of Travel and tourism to group breweries by geography and style, and establish and promote a series of brewery tour trails. A minimum of three trails are required.
Oroho, Wirths Call for Murphy Administration’s Plans for Billions Budgeted to Retire Debt
Frustrated that the Murphy Administration continues to sit on $2.5 billion the Legislature designated to pay down debt and borrowing continues at a rate of almost $10 million every day, Senator Steven Oroho (R-24) and Assemblyman Hal Wirths (R-24) asked Governor Phil Murphy and State Treasurer Elizabeth Maher Muoio to provide details of their intentions for the funds.
In a letter today, Senator Steve Oroho and Assemblyman Hal Wirths asked the Governor and State Treasurer their plans for $2.5 approved by the Legislature to pay down state debt. (Pixabay)
Oroho and Wirths, the Republican budget officers in the Senate and Assembly, wrote to Murphy and Muoio warning that avoidable interest expenses are racking up daily and require immediate attention.
Senate Republican Leadership Calls on Senate President Sweeney to Recognize Sen. Vince Polistina
Say Atlantic County Families Can’t Afford to Wait Months for Help
The Senate Republican leadership team called for Senate President Stephen Sweeney to recognize the swearing-in of Senator Vince Polistina (R-2) that occurred on Monday, August 23.
The Senate Republican leadership team called for Senate President Stephen Sweeney to recognize the swearing-in of Senator Vince Polistina (R-2) that occurred on Monday, August 23. (SenateNJ.com)
The following joint statement was issued by Senate Republican Leader Tom Kean (R-21), Deputy Leader Bob Singer (R-30), Conference Leader Kristin Corrado (R-40), Whip Joe Pennacchio (R-26), Deputy Whip Kip Bateman (R-16), and Budget Officer Steven Oroho (R-24):
“We are deeply concerned that Senate President Sweeney will not recognize the swearing-in of Senator Polistina. We believe the families of the 2nd Legislative District deserve the representation and support that a sitting senator can provide during this extremely difficult time.
Republican Budget Members to Gov: Why are You Sitting on ARP Money?
The Administration Has Spent Almost None of Billions in Federal Funds Intended to Help Residents
On the three-month anniversary of the State receiving $6.2 billion in COVID relief funding from the federal government, the four Republican members of the Senate Budget & Appropriations Committee today called on the Murphy Administration to stop the foot-dragging and put the money to work helping residents, as it was intended.
The Murphy Administration is sitting on more than $6 billion in American Rescue Plan money and the four Republicans on the Senate Budget & Appropriations Committee want the money put to work helping NJ residents and employers. (Pixabay)
In a letter to the Governor and the Senate Democrat co-chairs of the Joint Budget Oversight Committee (JBOC), 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) criticized the Administration for only spending $316,000 or .005% of the money since it was received in May.
Senators Bucco & Oroho React to Murphy’s Surprise Payroll Tax Increase
Senator Anthony M. Bucco and Senator Steve Oroho issued statements responding to the Murphy Administration’s devastating tax increase on state employers:
Sen. Anthony M. Bucco and Sen. Steve Oroho blasted the Murphy Administration for a massive increase in the payroll tax on employers already struggling from the impact of the pandemic and lockdown. (SenateNJ.com)
Senator Bucco: “After promising no new tax increases this year and watching other states use federal funds to avert massive tax increases on struggling employers, the Governor put through a stealth tax increase at the close of business on a hot Summer Friday. He didn’t want anybody to notice a destructive increase that will hit hard in a state with one of the highest unemployment rates in the nation.”
