On January 11, Governor Phil Murphy delivered the State of the State Address, which was held virtually due to the recent rise in COVID-19 cases. During the speech, the Governor highlighted several accomplishments from his first term in office, as well as the pandemic mitigation efforts that the Administration took over the past two years, while acknowledging that the Omicrom variant presents new challenges for the State. Governor Murphy also reiterated his commitment that the FY2023 State Budget, which will be delivered to the Legislature on February 22, will not include any new tax increases. As it relates to new proposals, the Governor announced that he will send the Legislature a plan to address prescription-drug affordability later this year, which will focus on transparency in the supply chain. He also spent some time during the Address discussing property taxes, stating in his speech that his Administration is “making more progress against property taxes than any administration before us.” Christina M. Renna, President & CEO released the following statement on the address:
“The Chamber of Commerce Southern New Jersey (CCSNJ) appreciates the hard work of the Administration during Governor Murphy’s first four years in Office. We look forward to the many opportunities that the Governor’s second term presents to deliver bold reforms that can make New Jersey a more affordable place to live and work, prioritizes economic growth, and further aids small businesses in dire need of assistance. On behalf of the State’s employer community and resilient workforce, the CCSNJ stands ready to continue working with the Administration on New Jersey’s economic recovery as the pandemic persists and businesses struggle to regain their footing.” For text of the Governor’s full address as delivered, click here.