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June 19, 2014

LEGISLATIVE ALERT

Re: Senate Passes Extension of Interest Arbitration Cap

Dear Mayor:

This afternoon the Senate by a vote of 35-0 passed A-3424, which will reinstate the 2% cap on interest arbitration awards and help provide needed relief for our taxpayers.

A-3424 has now passed both houses (See our June 16 Dear Mayor Letter) and heads to Governor Christie for his consideration.  We are optimistic that Governor Christie will sign this important piece of legislation into law very shortly.

We thank and commend the sponsors of this important legislation, Assembly Speaker Prieto, Assemblymen Greenwald, Singleton, and Burzichelli for their continued leadership at arriving at this fair and reasonable compromise.  We also thank Senate President Sweeney and the members of the Senate for their continued support on this important issue.

Questions on this legislation can be directed to either Lori Buckelew at 609-695-3481 or lbuckelew@njslom.com x112 or Mike Cerra at 609-695-3481 x120 or mcerra@njslom.com.

Very truly yours,

William G. Dressel, Jr.
Executive Director

 

 

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