{"id":12947,"date":"2024-05-24T02:00:27","date_gmt":"2024-05-23T23:00:27","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=12947"},"modified":"2024-05-24T02:00:27","modified_gmt":"2024-05-23T23:00:27","slug":"essex-county-commissioner-brendan-gill-announces-support-for-corporate-transit-fee-insider-nj","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=12947","title":{"rendered":"Essex County Commissioner Brendan Gill Announces Support for Corporate Transit Fee – Insider NJ"},"content":{"rendered":"

Essex County Commissioner Brendan Gill Announces Support for Corporate Transit Fee<\/strong><\/p>\n

CTF Would Fund NJ Transit By Taxing Corporate Profits Over $10 Million<\/strong><\/p>\n

Essex County Board of Commissioners Adopts Resolution\u00a0<\/strong>
\nUrging Enactment of Corporate Transit\u00a0<\/strong><\/p>\n

NEWARK, NJ\u2013(May 23, 2024)\u2013<\/strong>The Essex County Board of Commissioners adopted a resolution, advanced by Commissioner-at-large Brendan Gill, urging New Jersey Gov. Phil Murphy and state lawmakers to enact the Corporate Transit Fee, which would fund NJ Transit by ensuring New Jersey\u2019s wealthiest corporations paid their fair share of taxes on profits earned within the state.
\nNJ Transit is currently facing a $1 billion budget shortfall operating deficit, partially caused by the expiration of the Corporate Business Tax, which lowered taxes for large corporations. The CTF would raise taxes only on corporate profits above $10 million, and dedicate those funds to keeping public transportation accessible, available and affordable to working families who most rely on public transportation, and who would be disproportionately burdened by the higher fares and reduced services that would result from the funding deficit. The resolution urges Gov. Murphy and state lawmakers to pass the CTF as part of the legislation they must pass as part of current budget negotiations.
\n\u201cTransit riders are already facing a 15 percent fare hike to cover this budget shortfall, and without a stable revenue source, NJ Transit will be facing severe reductions in service,\u201d said Commissioner Gill. \u201cOur working families deserve reliable and affordable service, but don\u2019t deserve to shoulder this entire burden. The Corporate Transit Fee will affect only the 600 wealthiest corporations, and only taxes profits above $10 million. We can avoid these catastrophic impacts to our public transit simply by asking our wealthiest corporations to pay their fair share,\u201d Gill said.\u00a0\u00a0<\/em>
\n\u201cA well-funded and better operating mass transit system can be a lifeline for low-income households, a catalyst for economic growth, and a crucial ally in the fight against climate change, which is why we are calling on state leaders to ensure that corporations profiting from New Jersey\u2019s consumer base contribute to New Jersey Transit\u201d, <\/em>said Eric Benson, an Essex County resident and Campaign Director of For the Many NJ, a coalition of housing, environmental, labor, and social justice advocates working to insure the state has adequate revenue for critical infrastructure, public transit, and people support investments.
\n\u201cEspecially in light of the 15 percent regressive fare hike riders are facing starting on July 1st, it is only fair that wealthy corporations pay what they owe in order to help keep Essex residents and fellow New Jerseyans moving,\u201d Benson said.\u00a0<\/em>
\nCommissioner Brendan Gill<\/strong>
\nAs Commissioner-at-Large, Brendan Gill represents all 22 municipalities in Essex County. He is serving his fifth term on the ECBCC and is a lifelong resident of Montclair.
\nwww.brendanwgill.com
\nFacebook: https:\/\/www.facebook.com\/commissionerbrendangill
\nInstagram: brendangill000
\n(Visited 39 times, 39 visits today)<\/p>\n","protected":false},"excerpt":{"rendered":"

– Essex County Commissioner Brendan Gill announced support for the Corporate Transit Fee.
\n– The fee would fund NJ Transit by taxing corporate profits over million.
\n– The Essex County Board of Commissioners adopted a resolution urging the enactment of the Corporate Transit Fee.
\n– The fee would only affect the 600 wealthiest corporations and would help avoid fare hikes and service reductions for public transportation.<\/p>\n","protected":false},"author":6,"featured_media":12948,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1766,186,6765,1221,3348,693,1793,4736,7663,5099,3276,645,8128,249,7279,5596,988,304,11056,2110,3767,6654,2294,6403,6843,3752,582,4484,4770,3940,2685,8138,2179,1864,9698,4344,10271,7802,1538,5612,4441,1806,7967,1358,1065,1183,2666,4928,6305,5351],"class_list":["post-12947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-budget","tag-business","tag-business-tax","tag-campaign","tag-change","tag-climate-change","tag-coalition","tag-corporate-profits","tag-corporate-transit-fee","tag-corporations","tag-critical-infrastructure","tag-economic-growth","tag-essex-county","tag-facebook","tag-fair-share","tag-families","tag-fight","tag-funding","tag-funding-deficit","tag-funds","tag-growth","tag-housing","tag-income","tag-infrastructure","tag-instagram","tag-investments","tag-justice","tag-labor","tag-large-corporations","tag-leaders","tag-legislation","tag-montclair","tag-municipalities","tag-negotiations","tag-new-jersey","tag-nj-transit","tag-profits","tag-public-transportation","tag-resolution","tag-revenue","tag-service","tag-services","tag-state","tag-support","tag-tax","tag-taxes","tag-transportation","tag-wealthy","tag-who","tag-working-families"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\nEssex County Commissioner Brendan Gill Announces Support for Corporate Transit Fee - Insider NJ<\/title>\n<meta name=\"description\" content=\"Corporate Transit Fee. 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