Warns towns to immediately insulate themselves from potential chaos
WASHINGTON, D.C. – March 31, 2014 – (RealEstateRama) — In response to the Assembly’s failure to act on the expiring arbitration cap, Assemblyman Declan O’Scanlon issued the following statement:
“It is quite frankly heart-breaking to me that the leadership of my house, all of whom are my friends, are leading New Jersey property taxpayers off a cliff. I fully expected to hear by the end of the day today that we would be brought back to Trenton on Monday to vote to affirm the Governor’s conditional veto of the arbitration award cap legislation which was overwhelmingly passed on a bipartisan measure by the apparently much more responsible New Jersey State Senate.
“Since the clock is counting down to the expiration of the previous law and the Assembly leadership seems to care more about pandering to special interest than the property taxpayers of New Jersey, I now feel compelled to take action assuming we’ll face the worst case scenario. In order to most comprehensively guard themselves against potential frivolous, but nonetheless costly litigation, any municipality that has an expired contract, but that has not yet filed for arbitration, should do so immediately – before the April 1 expiration of the previous law.
“It is extremely unfortunate that the Assembly Democrat leadership would act to threaten the welfare of New Jersey property taxpayers, but that is apparently the reality.”
