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Taxes

Urgent Dangerous Vote On Murphy Bail Out Shell Game

October 30, 2022
By

Dangerous Vote on State Borrowing Shell Game Tomorrow, that Could Raise Your Property Taxes!

Gov. Murphy has concocted a finance scheme to recuperate from his 12 week shutdown of the New Jersey economy because of Covid 19 financial losses.

IMPORTANT!

Should this pass the legislature will be putting a SURCHARGE on to your property taxes!

This is NO JOKE! You should be outraged by this. We are fighting this on your behalf. It is unconstitutional and unreasonable. This is insanity.

Assembly bill A4175 “New Jersey COVID-19 Emergency Bond Act,” authorizes issuance of State bonds totaling $5 billion and authorizes borrowing from the Federal government was passed out of Assembly Budget Committee just this past Monday along party lines. A4175 is scheduled for a full vote of the New Jersey General Assembly tomorrow, Thursday, June 4 at 11 AM. The legislature is not meeting in person. This is a vote by electronic means.

The Center for Garden State Families urges you to call your two state Assembly Members.

You can also search for your two State Assembly Members and State Senator by looking up your municipality Here

WE urge you to call Assembly Speaker Craig Coughlin 732-855-7441 and leave a message and or email him at ASMCoughlin@njleg.org and express your concerns and opposition.

The New Jersey State Constitution:

Art. VIII, Sec. 2, Para 3(a): “The Legislature shall not, in any manner, create in any fiscal year a debt or debts, liability or liabilities of the State, which together with any previous debts or liabilities shall exceed at any time one per centum of the total amount appropriated by the general appropriation law (“budget”) for that fiscal year, unless the same shall be authorized by law for some single object or work distinctly specified therein. … no such law shall take effect until it shall have been submitted to the people at a general election and approved by a majority of the legally qualified voters of the State voting thereon.” The bill, which is scheduled to be voted on Thursday by the full Assembly, would authorize the state to sell up to $5 billion in general obligation bonds. It also gives permission for the state to borrow money from the Federal Reserve through a temporary program that has $9.25 billion available to New Jersey.

A whopping total of $14.25 billion more in debt and without the approval of the voting citizens of New Jersey!
 
Why? The Governor is using The Disaster Control Act as an excuse for this “emergency” funding bill. Many legislators and citizens are now questioning the emergency. “The Covid-19 emergency is essentially over”. Said Rev. Gregory Quinlan of The Center for Garden State Families. “New Covid-19 positives have dropped precipitously. And we have had several days with zero deaths attributed to Covid-19.” Quinlan continued; “We were told that the disastrous death toll of this pandemic on New Jersey could be as high as 100,000 lost lives. To date we have had 11,880 Covid-19 recorded deaths in New Jersey. Of those 6,295 have been in long-term care facilities. That includes Nursing Homes, Group Homes, State Psychiatric Hospitals, and Veteran Memorial Homes. These 6,295 deaths are directly related to Gov. Philip Murphy’s dangerous and failed policies. 53% of all New Jersey Covid-19 cases have been in long-term care facilities. They are Murphy’s Murders. We also know that many Covid-19 recorded deaths are mislabeled.”
 

IMPORTANT!: The NJ State Legislature will vote on Thursday to borrow $5BILLION and will pay it back by putting on a SURCHARGE on your property taxes!!! We are not kidding. You should be outraged by this. We will fight this on the floor on Thursday. It is unconstitutional and unreasonable. This is insanity.

  • The State has a huge outstanding debt already

  • The NJ Constitution requires the voters to approve

  • New Jersey is already buried in debt and is unable to grow

  • The Senate is (not yet) on board

  • Low-cost financing is a lure, a shell game

  • Any way you cut it, the Taxpayer will pay these costs for the next 35 years

WHAT YOU CAN DO TODAY:
  1. Contact your Assembly Legislators HERE
  2. This is not an emergency. Let the People VOTE!!
  3. Stop! Wait! Consider: NO urgency to vote tomorrow for $5 Billion in debt
  4. Urge public hearings, public input
  5. Ask for the spending cuts first!

To read the 23 page bill click below:

To read the 3 page statement click below:

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