6/18/18-Gov. Murphy vows to veto ‘gimmick’ budget proposals

Gov. Murphy vows to veto ‘gimmick’ budget proposals

June 18, 2018 | News12.com

On Monday, Gov. Phil Murphy said he will veto any “gimmick” budget proposals by the legislature. The June 30th deadline is approaching fast and a government shutdown looks possible. NJ SEED urges the Legislature and the Governor to work together to pass a budget that invests in infrastructure and promotes economic growth.

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6/15/18-Gateway seeking financial adviser after approval of $600M bond

Gateway seeking financial adviser after approval of $600M bond

June 15, 2018 | NJBIZ.com

Gateway Development Program Corp.trustees voted to approve authorization to issue a request for proposals to seeka financial advisory firm. NJ SEED has supported the Gateway project from its inception and  urges the Federal Government to work with New Jersey and New York to complete this vitally important project.

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6/13/18-NJ Transit board approves $600M bond to replace Portal Bridge

NJ Transit board approves $600M bond to replace Portal Bridge

June 13, 2018 | NJBIZ.com

The New Jersey Transit board of directors approved $600 million in New Jersey Economic Development Authority transportation bonds to fund the replacement of the Portal Bridge as part of the Gateway project. NJ SEED supports this project and encourages NJ Transit to continue to invest in New Jersey vital infrastructure.

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6/12/18-Gateway Tunnel funding advances through Senate subcommittee

Gateway Tunnel funding advances through Senate subcommittee

June 12, 2018 | NJBIZ.com

The U.S. Senate Transportation, Housing and Urban Development and Related Appropriations Subcommittee has approved about $2.5 billion to advance the Gateway Tunnel project as part of a fiscal year 2019 discretionary spending appropriations bill. The plans for the project include adding a rail tunnel between New Jersey and New York under the Hudson River and replacing a portion of New Jersey’s frail Portal Bridge at a price most estimates put north of $20 billion. NJSEED believes the Gateway project is vital to New Jersey and encourages the federal government to fund its share of the project.

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6/11/18-New Jersey’s most endangered Republican just got a huge wad of cash from Paul Ryan

New Jersey’s most endangered Republican just got a huge wad of cash from Paul Ryan

June 11, 2018 | NJ.com

U. S. House Speaker Paul Ryan’s super political action committee said Monday it would spend $2.1 million on behalf of Rep. Leonard Lance, who is given just a 50-50 chance for re-election. The Congressional Leadership Fund said it had reserved $2.1 million worth of advertising time on behalf of Lance, R-7th Dist., who is facing former Assistant U.S. Secretary of State Tom Malinowski in November in what the Cook Political Report considers a toss-up race.NJSEED will be meeting with Rep. Leonard Lance on July 9, 2018. Register at www.njseed.org

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