Kenny – ‘Budget Agreement Reached’

Senate Majority Leader Says Proposed Budget Will Restore Fiscal Sanity in New Jersey

TRENTON – Senate Majority Leader Bernard F. Kenny, Jr., D – Hudson, issued the following statement regarding a budget agreement reached today for the FY 2007 Budget:

“Over the next day and a half, New Jersey’s Legislature will finally vote on a budget that will restore fiscal sanity and economic stability to the Garden State.

“It’s been a long, hard road to reach a compromise. Tempers and patience were tested, as the State government shut down for the first time ever in the history of New Jersey. It’s not a proud moment for the citizens of the State, but at the end of the day, we were able to come to an agreement that addresses the concerns of everyone at the table.

“This is a fair budget which will increase property tax relief to the citizens of the State, and put New Jersey on the right track to fiscal stability. We have identified recurring revenues for recurring expenses and we will meet our State’s most precious obligations without burdening future generations of taxpayers.

“This budget was a long time coming, but in the end, we have a thoughtful work product that will ensure economic security and a commitment to property tax relief. The Senate Democratic Caucus has worked tirelessly to balance the needs of State Government and necessary relief to our citizens, and we believe we have found that balance in the FY 2007 budget agreement.”