05 May: Lesniak Economic Growth Act II Signed

MONTCLAIR – Senator Raymond Lesniak, D-Union, the prime sponsor of S-920, legislation needed to fully implement the provisions of the New Jersey Economic Stimulus Act of 2009 he sponsored in order to create jobs and economic opportunity for the people of New Jersey, issued the following statement regarding Governor Christie’s signing of the bill today at Montclair State University:

“S-920 makes some refinements to the New Jersey Stimulus Act so that two high-powered, job-creating, economy-improving development projects can be completed.

23 Feb: Lesniak-Sweeney Bill To Clarify ‘Economic Stimulus Act’ Approved

TRENTON – A bill sponsored by Senator Raymond J. Lesniak and Senate President Stephen M. Sweeney which would clarify certain provisions of the “New Jersey Economic Stimulus Act of 2009” in order to create more options for public-private partnerships in higher education construction and less uncertainty in tax incremental financing (TIF) agreements was approved by the Senate yesterday by a vote of 36-1.

“The ‘Economic Stimulus Act of 2009’ is going to go down in the history books as one of the most significant economic recovery tools ever authorized by the New Jersey State Legislature,” said Senator Lesniak, D-Union. “However, unless we clarify certain language in the original bill, we will not see the full economic stimulus potential of the law. This bill revises areas dealing with the higher education public-private partnerships and TIF agreements in order to create jobs, encourage economic growth and bring New Jersey back from the brink of financial ruin.”

01 Feb: Senator Lesniak Remarks On Economic Stimulus Legislation Revisions

TRENTON – Senator Raymond J. Lesniak, D-Union, the Chairman of the Senate Economic Growth Committee and author of the “New Jersey Economic Stimulus Act of 2009,” a bill hailed as one of the most important economic growth and job creation measures of its time, issued the following remarks prior to a Committee vote on a bill sponsored by the Senator to make revisions to the Economic Stimulus Act today. The bill, S-920, was approved by a vote of 7-0:

“When I sponsored the New Jersey Economic Stimulus Act last year, I said it will be the most powerful tool in the nation to encourage new business investment and job creation and that it will enable New Jersey to recover from the nationwide recession and build a strong economy for our residents well into the future.