New Jersey Working Families State Director, Sue Altman has issued the following statement in response to a recent news report in WNYC/Pro Publica. The story cites sources confirming that the state Economic Development Authority has frozen a $260 million tax break awarded to Holtec International:

“Today’s news that the state Economic Development Authority has frozen Holtec’s $260 million tax break is the first public sign that Governor Murphy’s efforts to reform the agency are bearing fruit. We applaud the governor’s work in safeguarding taxpayer funds. Today’s story represents a first step in charting a new course for an agency that has approved billions of dollars in taxpayer giveaways to politically connected corporate interests.”

“We call on EDA Chairman Kevin Quinn to build off today’s news by providing taxpayers with the transparency they deserve and by continuing to hold tax credit recipients accountable.”