Hudson County View
State Senator Nick Sacco (D-32) explained why he won’t compromise on his amended official misconduct bill that remains in limbo, as well as why he feels the Palisade Cliffs Protection Act is responsible legislation.
“Absolutely not, absolutely not: we’re gonna be fair to everybody,” Sacco said when asked if he’d consider compromising on the amendment he introduced during an interview at North Bergen Township Hall, where he serves as mayor, last week.
Sacco’s official misconduct amendment was added to Bill S-2586 on August 24th, after state Senators Senators Sandra Cunningham (D-31) and Nellie Pou (D-35) introduced the initial bill on June 2nd.
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Good Thursday morning! It snowed
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I’ve gotta give points to Atlantic City Mayor Marty Small for a creative way to raise money for a good cause.
Small is going to auction off the opportunity to press the button that brings down Trump Plaza, turning the hulking tower that has for years sat vacant and derelict along the boardwalk into a pile of rubble.
N.J.’s largest health insurer wins right to seek tax break, get into for-profit health care business
Updated Dec 18, 2020;
Horizon Blue Cross Blue Shield of New Jersey, the largest health insurer in the state, would be permitted to shed some of its tax burden and regulations and expand into the health care business, under a bill that soared through both houses of the state Legislature Thursday.
The bill allowing Horizon to seek state approval to change its corporate structure is complicated and controversial. In another year, it likely would not have passed in the 10 days that it did. But with state revenues depressed by the pandemic, Horizon’s pledge to pay the state $600 million by June 2022 to soften the blow of losing other tax revenue from the Newark-based company, won many converts.
Senate and Assembly panels endorse Horizon BCBS overhaul nj1015.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nj1015.com Daily Mail and Mail on Sunday newspapers.
Horizon offers N.J. $1.25B in cash for fewer regulations and a tax cut. Two key state panels just voted yes.
Updated Dec 14, 2020;
Posted Dec 14, 2020
Images of the Horizon Blue Cross Blue Shield headquarters in Newark. (Matt Smith | For NJ Advance Media)NJ Advance Media
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Legislation allowing Horizon Blue Cross Blue Shield of New Jersey a not-for-profit that was once the state’s insurer of “last resort” to apply to state regulators for permission to function more like a for-profit company is moving fast. Introduced Dec. 10, the bill cleared the Assembly Insurance and Financial Institutions and the Senate Commerce Committee Monday, and will be back before the Senate Budget and Appropriations Committee Tuesday.