PolitickerNJ Wire Feed
DANCER RESOLUTION URGES CONGRESS TO WAIVE CAP LIMIT ON GOV’T LOANS TO SANDY COMMUNITIES
Assemblyman Ron Dancer, R-Ocean, Burlington, Middlesex and Monmouth, has introduced a resolution asking Congress to waive the 25 percent cap on disaster loans made to local governments that request assistance in order to meet their budgetary needs.
The Federal Emergency Management Agency (FEMA) provides such loans for essential government services as a result of a disaster, with the maximum loan amount not to exceed $5 million. Congress and President Bush waived the cap for New Orleans in 2005 after Hurricane Katrina.
“School districts and towns that felt the brunt of Hurricane Sandy face a daunting task of rebuilding and restoring primary constituent services,” said Dancer. “The loss in tax revenue will be substantial and undoubtedly require communities to seek financial assistance. We are asking Congress to grant New Jersey towns and school districts the same access to community disaster loans as it granted to New Orleans when it was recovering from Hurricane Katrina.
“It will take years for some communities to rebound from this catastrophe and they face many fiscal challenges,” stated Dancer. “Waiving the loan limit will give them the flexibility they need to operate and make critical infrastructure improvements.”
AR-121 has been referred to the Assembly Homeland Security and State Preparedness Committee.
On the Net:
NJ Assembly Republicans on Facebook
NJ Assembly Republicans on Twitter
With the support of Gov. Chris Christie, Jamie Fox is on the fast track to get back to the Department of Transportation (DOT). The question is why?Read More >
Guv prospects Fulop and Sweeney add voices to Silva, Stack and striking 1199 SEIU workers UNION CITY – They tried out their blue collar tough guy tonsils today in front of a purple-shirted crowd of striking healthcare workers – two of three as-yet-undeclared Democratic candidates for governor: Jersey City...
By JEFF BRINDLE It is critical that the Legislature soon enact a pending bill that would ensure the state’s Gubernatorial Public Financing Program is available in the event of a special election for governor. Not only is there no current legal... Read More >
“We’re going to hold the line until hell freezes over, and when hell freezes over, we’re going to hold the line on ice skates." - Assemblyman Raj Mukherji (D-31), at yesterday's SEIU 1199 rally.- PolitickerNJ
Press releases are submitted by PolitickerNJ users, not by staff. They do not represent the viewpoint of PolitickerNJ.com.