TRENTON — State Senator Steve Oroho (R-Sussex) introduced legislation last week that would cap state spending increases at two percent annually. This legislation comes on the heels of the two percent property tax cap passed by the Senate.
“It is very important that the state demonstrate the same fiscal restraint that we are asking of local and county governments and school boards,” Oroho stated. “All levels of government have been living beyond their means and taxpayers are the ones paying the price. We need to make decisions that make this state more affordable for families and more competitive for businesses.”
Oroho supports a stricter constitutional state spending cap, but since the deadline for getting it on the ballot this year has passed, he has introduced a statutory cap bill in the hope that it could be passed during the summer session.
“We closed an $11 billion deficit this year in the state’s budget, while still meeting our core priorities,” Oroho continued. “When the economy rebounds I do not want Trenton politicians thinking that is a green light to again spend as they wish. We need to rein in state spending and we need to do it now.”
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