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Murphy Reprises Corzine’s Asset Monetization Plans, MMM Reprises ‘King of the Road’

Asbury Park Press graphic. Permission to use granted 11 years ago

Politico is reporting that Governor Phil Murphy is reaching back to the previous Goldman Sachs Administration in New Jersey by “launching an effort to identify state assets that could be leveraged to reduce New Jersey’s unfunded pension liability.”

Former Governor Corzine couldn’t sell his idea of selling New Jersey’s toll roads to investors (China) for a $30+ billion cash infusion to plug our chronic budget wholes. Will Murphy, who according to Politico is looking to sell more assets than toll roads,“numerous state assets, including property, buildings, roads, transit facilities, easements, air rights, naming rights and infrastructure, such as airports, bridges, water facilities, ports, parks and recreational facilities,” succeed where Corzine failed?

Politico says that Senate President Steve Sweeney supports the concept.

On January 21, 2008, MMM responded to Corzine’s scheme with a song parody crafted by Lori Gallagher, aka Mrs. Musings:

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Posted: February 11th, 2019 | Author: | Filed under: Jon Corzine, New Jersey | Tags: , , , , , , | 1 Comment »

Art G and Tommy G on the radio this afternoon at 4

Art Gallagher is back on the Tommy G Show on Tuesday afternoon, January 29 at 4 PM.

Tommy’s show is always good for laughs and provocative conversation about local, state and national news.  On the agenda this afternoon is discussion about the $15 minimum wage bill that Governor Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin  promoted at the press conference in Sayreville this morning.

I wouldn’t be surprised if former Governor Chris Christie’s new book which was released today also comes up in conversation.

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Posted: January 29th, 2019 | Author: | Filed under: Monmouth County News | Tags: , , , , , , | Comments Off on Art G and Tommy G on the radio this afternoon at 4

Three GOP State Senators Willing To Trade Marijuana Support For Fiscal And Public Safety Reforms

Senator Declan O’Scanlon

Three  Republican State Senators, including Monmouth County’s Declan O’Scanlon are willing to vote to legalize recreational marijuana in New Jersey if Governor Phil Murphy and Senate President Steve Sweeney deliver the return of the Energy Receipts Tax to municipalities, a dedicated 911 System and Emergency Response Trust Fund, funding for addiction recovery services and a guaranteed reimbursement fund for municipalities paying to train police officers as Drug Recognition Experts who can assess if a driver is impaired by cannabis, according to an article on NJ.com

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Posted: January 14th, 2019 | Author: | Filed under: Monmouth County News, New Jersey, News | Tags: , , , , , , , , , , , | 5 Comments »

Budget deal not ready, Bramnick put Republicans in a box

Assembly Minority Leader Jon Bramnick put his caucus in an untenable position.

By Art Gallagher

Governor Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin announced last night that the had a last minute budget deal to avert a state shutdown and that the legislature would pass the necessary bills this morning starting at 8am.

As of 9:45 a.m.  the legislator and many staffers have been in Trenton for three hours, but the bills have yet to be drafted and some of the details…where the devil lives…are still being haggled over, according to a sleep deprived source who called this morning.

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Posted: July 1st, 2018 | Author: | Filed under: Assembly Republicans, New Jersey, New Jersey State Budget | Tags: , , , , , | Comments Off on Budget deal not ready, Bramnick put Republicans in a box

O’Scanlon legislation would keep road work going, keep Monmouth Park open, in the event of a NJ shutdown

Senator Declan O’Scanlon (R-Monmouth County) announced that he will introduce two bills tomorrow in the NJ Senate tomorrow that, if enacted, would lessen the destructive aspects of a state government shutdown.

Governor Phil Murphy and the Democrat leaders in the legislature, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin, are thus far deadlocked over their competing proposals to raise taxes on New Jersey residents, tourists and businesses.   If they are unable to come to an agreement, and get the legislature to concur, by midnight tomorrow, the government will shutdown.

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Posted: June 29th, 2018 | Author: | Filed under: Declan O'Scanlon, Monmouth County News, New Jersey, New Jersey State Budget, NJ State Legislature | Tags: , , , , , , , , | 1 Comment »

Democrats Budget Compromise Talks Stall

Assembly Speaker Craig Coughlin and Governor Phil Murphy. NJGlobe photo by NIKITA BIRYUKOV

The Democrat debate in Trenton over which taxes to raise on New Jersey residents and by how much ended last evening with no deal.  Voting sessions scheduled for today in the Assembly and the Senate where cancelled.  Legislators were told to report to Trenton on Saturday.

If Governor Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin do not make a deal that is approved by the legislature by midnight on Saturday, New Jersey’s state government will shutdown for the second consecutive year.

Governor Murphy wants to increase income taxes on millionaires and the sales tax on everybody.  Sweeney and Coughlin want to raise taxes on businesses to the highest in the nation, expand the sales tax to internet purchases, real estate sales, and impose a new tax on vacation rental homes and Airbnb rentals.

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Posted: June 29th, 2018 | Author: | Filed under: New Jersey, New Jersey State Budget, Phil Murphy, Stephen Sweeney | Tags: , , , , , , , | 1 Comment »

O’Scanlon and DiMaso: Don’t tax summer rentals

As part of their compromise with Governor Phil Murphy over how many taxes to raise and by how much in the new state budget, the Democrat leaders of the legislature have proposed taxing seasonal rentals of vacation homes and Airbnb rentals.

Senator Declan O’Scanlon and Assemblywoman Serena DiMaso came out against a seasonal rental tax, which will have a disproportionate impact on Jersey Shore property owners, in a statement issued this afternoon.

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Posted: June 28th, 2018 | Author: | Filed under: Declan O'Scanlon, Jersey Shore, Monmouth County News, New Jersey State Budget, Serena DiMaso | Tags: , , , , , , , , | 3 Comments »

Murphy blinks: Offers Legislature budget compromise

In an effort to get a State budget passed by Saturday and avert a government shutdown, Governor Phil Murphy offered a compromise between his proposed budget and the budget that passed in the Democrat controlled legislature last week, according to NJBiz.

Murphy has previously threatened to veto or line item veto the legislature’s budget.

According to NJBiz, Murphy has proposed a lower corporate business tax increase than the legislature passed and to phase in the sales tax increase proposed over two years.   The Governor said he would accept the School Funding Formula proposed by Senate President Steve Sweeny, which has passed the legislature. Read the rest of this entry »

Posted: June 26th, 2018 | Author: | Filed under: Monmouth County News, New Jersey, Phil Murphy | Tags: , , , | Comments Off on Murphy blinks: Offers Legislature budget compromise

Murphy puts the brakes on sports betting at NJ racetracks despite legislature’s green light

Don’t count on placing a bet on the NBA Finals or the Yankees/Mets subway series games this weekend at Monmouth Park.  Governor Phil Murphy has not signed the bill regulating sports betting that passed the legislature unanimously yesterday and the New Jersey Racing Commission, which Murphy controls, warned the state’s three tracks not to take bets before he does, according to a NJ.com report.

Following the U.S. Supreme Court decision overturning the nationwide sports betting ban, except for Nevada, Dennis Drazin of Monmouth Park announced he was prepared to start taking bets at the William Hill Race and Sports Bar on Memorial Day. New Jersey already had a law on the books, and a state constitutional amendment, that allows sports betting, so with the federal ban overturned by SCOTUS, there was no legal barrier to accepting bets.

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Posted: June 8th, 2018 | Author: | Filed under: Monmouth County News, New Jersey | Tags: , , , , , , , , , , , | 3 Comments »

Murphy could hold sports betting bill as a chip to play in budget negotiations

The William Hill Sports Race & Sports Book at Monmouth Park in Oceanport, New Jersey. Photo By Bill Denver/EQUI-PHOTO.

Dennis Drazin and his partners at Monmouth Park were ready to accept sports bets on Memorial Day weekend.  They wisely didn’t after Senate President Steve Sweeney announced he was inserting a provision in the state legislation regulating sports betting that would prohibit anyone who took bets before the regulations were passed from getting a license.

Sweeney was looking out for the Atlantic City Casinos who weren’t ready to take bets yet.   In the meantime, Delaware passed their spots betting regulations and bets will start being taken there today.  New Jersey loses out again.

What was considered a two or three week delay while legislation was passed now threatens to deprive New Jersey’s racetracks and casinos of sports betting revenue, and the related jobs, for a third or more of their summer season.  According to a report on Politico, Governor Murphy is prepared to hold the sports betting bill as a chip to play as he negotiates his first state budget with the more moderate Sweeney and Assembly Speaker Craig Coughlin.

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Posted: June 5th, 2018 | Author: | Filed under: Atlantic City, Horse Racing Industry, Monmouth County News, Monmouth Park, New Jersey, Opinion | Tags: , , , , , , , , , , , , | 2 Comments »