X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TRENTON, NJ-Action on legislation aimed at overhauling how the state awards millions of dollars in tax breaks to businesses that will create or retain jobs in the Garden State is expected today.

Action will likely begin as early as today with Gov. Chris Christie issuing a conditional veto on a bill that had previously passed the Assembly and Senate. Gov. Christie is expected to remove from the bill a clause that would require incentive-induced projects created to pay prevailing or union-level wages for maintenance workers on the property, according to The Record. The governor is expected to delete a section that would give added incentives adaptive reuse projects at former hospital properties.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.