Mazzeo Statement on FY2020 Budget
(TRENTON) – Assemblyman Vince Mazzeo (D-Atlantic) released the following statement on the proposed fiscal spending plan put forth by Legislative Democrats, which is expected to pass both houses today:
“This year’s ‘April Surprise’ was a good one; state revenues exceeded expectations by millions. That’s why I’m pleased to support this budget, which allows us to fund our priorities and provide property tax relief, without the addition of a millionaire’s tax. There’s no need to impose a greater burden on taxpayers in a year where revenues will provide more than enough to accomplish our goals.
“So much of this budget will have a direct impact on Atlantic County residents, from $75 million in increased funding for NJ Transit – of which we are prepared to fight for our fair share for the Atlantic City Rail Line – to almost $175 million towards property tax relief. I’m proud we are able to pass a budget that is fair and fiscally responsible, and without any broad-based tax increases.”