Volume 8/Issue 5

  • Governor Murphy Signs Major Clean Energy Package
  • Governor Murphy Issues Executive Order To Begin Energy Master Plan Process
  • Legislative Leadership Currently Not on Board with Governor Murphy's Proposed Tax Increases
  • Bard High School Early College Gets Bronze Rating from U.S. News & World Report

Governor Murphy Signs Major Clean Energy Package

On Wednesday, Governor Murphy signed landmark legislation to improve and expand New Jersey’s renewable energy sectors.

The legislation sets New Jersey as having one of the most ambitious renewable energy standards in the nation by requiring 21 percent of the energy sold in the state be from Class I renewable energy sources by 2020; 35 percent by 2025 and 50 percent by 2030.

In addition to stabilizing the solar market, it sets the framework to bring community solar to the Garden State for the first time. Community solar allows all residents, regardless of economic background or geographic location, to realize the energy saving and environmental benefits of solar.

Governor Murphy also signed legislation to establish a Zero Emissions Certificate (ZEC) program to maintain New Jersey's nuclear energy supply, which contributes close to 40 percent of the State's electric capacity.

…And Issues Executive Order to Begin Energy Master Plan Process

Governor Murphy also issued Executive Order No. 28 directing state agencies to develop an updated Energy Master Plan (EMP) that provides a path to 100 percent clean energy by 2050. The new EMP is to be completed and delivered by June 1, 2019.

Legislative Leadership Currently Not on Board with Governor Murphy’s Proposed Tax Increases

Governor Murphy’s budget proposals to impose a millionaire’s tax and roll back the reduction in the sales tax from 7% to 6.625 percent have been met with opposition from Senate President Steve Sweeney and Assembly Speaker Craig Coughlin according to recent media reports.

Both options would help to fund Governor Murphy’s legislative priorities including free community college and expanding Pre-K, as well as address the State’s historical revenue problems.

According to the Bergen Record, the Speaker was quoted as saying, “I would prefer we do not " raise the sales tax. "I recognize that probably in each transaction it's not a lot (of money)," he said. "But, cumulatively, that's a lot, and that affects people of all socioeconomic levels."  The Senate President has repeatedly stated that a millionaire’s tax should only be used as a “last resort.”

Both legislative leaders have suggested other revenue raising options. The Senate President has called for recapturing a share of the recent Republican federal corporate tax cut and the Speaker has called for a tax amnesty program to generate revenue. Governor Murphy indicated he is open to these options in addition to the proposals he put forth in his FY 2019 budget plan.  

All three leaders will continue to work towards finding a solution by the June 30th constitutional deadline to pass the State Budget.

Bard High School Early College Gets Bronze Rating from U.S. News & World Report

U.S. News & World Report recently reviewed over 28,000 high schools across the country and 103 schools from New Jersey received top rankings.

Bard High School Early College received a bronze award from the publication.  River Crossing Strategy Group proudly represents Bard High School Early College and congratulates them on this prestigious recognition.