NJBIA President and CEO Michele Siekerka reiterated the need for spending cuts to balance the state budget during an interview with David Matthau on how the state is going to make up for the massive revenue loss caused by the coronavirus shutdown.
Siekerka said the governor has discussed making some cuts for the upcoming state budget, which is a positive step, “but we believe some of those reductions, freezes and deferrals should become permanent cuts through Fiscal Year 21 and 22 in addition to reform for things such as pension, property tax.”
Matthau noted that Murphy has not offered many specifics about scaling back state programs or asking state workers to make sacrifices — only suggested they’d be catastrophic if federal aid doesn’t come through.
