November 29, 2017
Re: Expiration of Interest Arbitration Cap
The League, along with a coalition of local government groups have made clear to the Legislature the need to extend the cap on arbitration awards – but still many Legislators say they have not heard from the mayors on this. We know that hundreds of municipalities have publicly called for the extension of the cap, but it is clear we must redouble our efforts to maintain this important protection for property taxpayers.
Trenton needs to hear directly from you on the critical need for the common sense extension of the 2% cap on interest arbitration awards. In 32 calendar days the cap will expire along with over a 100 police and fire contracts. With this deadline looming, local officials’ voices must be heard in Trenton. If the cap is not extended it will be local leaders, not the special interest groups or State elected leaders, facing the dilemma of funding an unelected third party arbitrator’s award under the state mandated 2% levy cap.
In addition, to personally contacting your State representatives on the urgent need for the 2% cap on interest arbitration awards, please contact the following:
Senate President Sweeney at 856-251-9801 or SenSweeney@njleg.org
Senate Republic Leader Kean at 908-232-3673 or SenKean@njleg.org
Assembly Speaker Prieto at 201-770-1303 or AsmPrieto@njleg.org
Assembly Republican Leader Bramnick at 908-232-2073 or AsmBramnick@njleg.org
Assembly Speaker Elect Coughlin at 732-855-7441 or AsmCoughlin@njleg.org
Governor Christie at 609-292-6000
Governor-Elect Murphy (Transition office) 609- 292-4075
The League continues to work closely with the Conference of Mayors and the Association of Counties to extend this proven tool to curtail property tax increases. The evidence and facts are clear and unambiguous. The 2% interest arbitration cap has proven to be an effective tool to curtail property taxes. For more information on why the interest arbitration cap should be extended, please see the resources listed below.
Michael J. Darcy, CAE