Housing, education, the environment and working families all deserve more funding from American Rescue Plan funds. That’s what community advocates and activists said Tuesday during what was called The People’s Hearing, a virtual hearing held by the For the Many NJ coalition to discuss how New Jersey should spend billions of dollars in ARP funds, saying state lawmakers haven’t given the public an opportunity to speak. Ed Lazere of the Center for Budget and Policy Priorities testified that federal funds provide an opportunity to create more inclusive economies.
A new report from Garden State Initiative concludes it’s time to repeal New Jersey’s inheritance tax. GSI president Regina Egea says it’s a regressive tax that hurts the middle class and the state’s economy. Read more on this story here.
Ralph Izzo, chairman, president and CEO of PSEG, has announced his retirement. Ralph LaRossa, PSEG’s chief operating officer, will succeed Izzo as CEO and president in September. Izzo will assume the title of executive chairman until the end of the year.
