The New Jersey Business Coalition (NJBC) has asked Assembly Leader Craig Coughlin to oppose bill A-1571, which would impose the prevailing wage on public works contracts that receive tax abatements or exemptions.
In a letter sent to Coughlin this week, the coalition of more than 100 business and nonprofit groups said “such an extension of mandatory prevailing wages into private development is unprecedented and unwarranted.”
“The consequences of this bill would be to damage economic development throughout the state and especially in our urban areas that rely on tax abatements and exemptions to spur development projects. It will also have a significant impact on the state’s obligation to provide affordable housing,” the letter continued.
To see the full letter from the NJBC to Coughlin, click here.