Select Committee Cancels Hearing on NJEDA Tax Incentive Programs

The Senate Select Committee on Economic Growth Strategies Meeting will hold its first meeting on July 29. Chaired by Senator Bob Smith, the committee was formed in response to the NJEDA tax incentive controversy and subsequent establishment of Governor Phil Murphy’s task force.

A Monday hearing of the Select Legislative Committee looking into the state Economic Development Authority (EDA) tax incentive program has been canceled.

It will be rescheduled, but it’s not going forward on Monday.

At the center of questions about the program, South Jersey Power Broker George Norcross III earlier this week had requested to appear before the committee, and Trenton insiders anticipated a possible surfacing on Monday.

Now it won’t happen.

Part of Norcross’ letter earlier this week to the lawmakers on the committee:

“Dear Senators Smith and Singer and Assemblymen Johnson and Karabinchak:

“I am writing today to request an opportunity to testify during the Senate and General Assembly’s upcoming hearings on the state’s tax incentive programs. I hope that testifying before your committee(s) will allow me to correct the factual inaccuracies, gross misstatements and misleading information released by the Governor’s Task Force about applications submitted by my firm, Conner Strong & Buckelew, and a handful of other Camden firms during its May meeting – a meeting at which we were denied the opportunity to participate. Additionally, I would like to correct the largely erroneous and
factually incorrect and misleading Report issued by the Governor’s Task Force last evening. We have been, and continue to be, willing and ready to publicly discuss our application for tax incentives and our decision to move to Camden in any fair and appropriate forum, including the inquiry by the New Jersey Attorney General, just as we did with the review by the United States Attorney’s office several years ago.”

(Visited 28 times, 1 visits today)

Leave a Reply

Your email address will not be published.

News From Around the Web

The Political Landscape