NJ Assembly Dems Weekly Budget Message

In this video press release, Assembly Budget Committee Vice Chairman Gary S. Schaer (D-Passaic) discusses the priorities preserved in the proposed fiscal year 2010 (FY2010) budget in the first of a series of weekly addresses on the budget.

Schaer's comments came as the Assembly Budget Committee received budget overviews from the state Department of Treasury and the nonpartisan Office of Legislative Services.

Schaer & Scalera on Passage of Bill to Prevent Another EnCap

In this video commentary, Assemblymen Gary S. Schaer and Fred Scalera (both D-Bergen/Essex/Passaic) discuss the 77 to 0 passage of their legislation to enhance the protections and oversight surrounding public investments in private redevelopment projects.

Schaer and Scalera crafted the bill (A-2650) in response to the disastrous failure of the EnCap Mixed-Use Redevelopment Project. The project, which aimed to remediate abandoned municipal landfills in the Meadowlands, collapsed earlier this year when EnCap declared bankruptcy after receiving more than $300 million in public money from state and Bergen County sources.