Tag: Urban Enterprise Zone

Gov. Christie Conditionally Vetoes UEZ Bill

Gov. Christie Conditionally Vetoes UEZ Bill

Gov. Chris Christie has once again refused to extend the Urban Enterprise Zone (UEZ) program. In his conditional veto message of Assembly Bill. No. 489, the Governor characterized the UEZ program as a “program with apathetic participation and a devastating impact on State revenues without any demonstrable benefit to municipalities or

UEZs Sunset in Five NJ Municipalities

UEZs Sunset in Five NJ Municipalities After No Action by Christie

Urban enterprise zones have expired in five New Jersey municipalities. While the Legislature approved a compromise bill extending the UEZs for another two years, Gov. Chris Christie has yet to act on it. The proposed bill (A-4189/S-2670), which has been approved by the Senate and Assembly, would have prevented UEZ

UEZ compromise

UEZ Compromise Bill Introduced in NJ Legislature

The extension of several expiring Urban Enterprise Zones (UEZs) may not be a lost cause. Compromise legislation is currently under consideration in the Assembly that would extend the designation for two years in the five municipalities where it is scheduled to expire this year.  As we have previously discussed on

Electronic bidding

Urban Enterprise Zone Bills Advancing in NJ Assembly

Two bills intended to strengthen the Urban Enterprise Zone (UEZ) are advancing in the New Jersey Assembly. One measure addresses urban enterprise zone sales tax revenues, while the other extends the UEZ designation in all qualifying municipalities for additional 10 years. New Jersey’s Urban Enterprise (UEZ) Program, which dates back