Assembly Republican Press Release -
Assemblyman Declan O’Scanlon praised the Senate’s speedy passage of the interest arbitration legislation. When police and fire companies become deadlocked in contact negotiations with their towns, they go to binding arbitration. Since 2011, arbitrators were limited to a maximum increase of 2 percent, but that law expired this April. Assembly Bill 3424, which renews the 2 percent arbitration cap, passed the Senate today.
“I have to give credit to Senate President Sweeney and all of my colleagues in the Senate, they understood the need for this important legislation and they moved appropriately. The power of the tool we are giving our local officials cannot be understated. This really works and it will help our towns rein in spending at control costs. We are being both as generous with our police and firefighters while protecting taxpayers.
“The 2 percent tax/spending and arbitration caps were working, but the original arbitration law came with a sunset that I knew from the start was a bad idea. You simply can’t have viable tax and spending caps without a commensurate arbitration award cap. That would defy the laws of mathematics and condemn the tax cap to failure. This bill is essential to our continued ability to hold the line on property taxes. It is one of the most important things we will accomplish this session. We have capped towns’ spending and ability to raise revenue at 2 percent. We need to protect our towns and taxpayers by giving them the lasting tools to live within the 2 percent spending cap.”