In this video press release, Assembly Speaker Sheila Y. Oliver, Majority Leader Joseph Cryan and Assembly members Celeste M. Riley and Paul D. Moriarty discuss legislation to eliminate Gov. Chris Christie's plan to slash property tax relief for senior and disabled residents and ensure continued prescription drug assistance for seniors and the disabled.
Moriarty (D-Gloucester) and Riley (D-Cumberland) sponsored the legislation (A-20) to restore property tax rebates and ensure prescription drug assistance for more than 600,000 senior and disabled residents. It passed the Assembly Thursday 46-31.
Speaker Oliver (D-Essex) and Majority Leader Cryan (D-Union) sponsored the legislation (A-10) to restore the millionaire's tax surcharge to fund the property tax relief and ensure prescription drug help. It was approved 46-32. The leaders noted that limiting the surcharge to taxable incomes of at least $1 million would shield small business owners.
The bills headed to the Senate for further consideration later Thursday.
UPDATE 5/20/10: The Senate approved both pieces of legislation.
UPDATE 2 5/20/10: The governor has vetoed both pieces of legislation.