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Christie: Less Is More in the Garden State

NEW BRUNSWICK, NJ-The governor outlined his plan to make the state more business-friendly, including fewer regulations and lower taxes.

By Alyson Grala | Updated on March 26, 2010

NEW BRUNSWICK, NJ-”Less government, borrowing and spending and lower taxes”–these are the fundamentals Gov. Chris Christie promised the industry last Thursday when he addressed a full house at NAIOP NJ’s Chapter Meeting here. The governor was greeted with a standing ovation and he proceeded to map out a plan for the state that included everything from fewer regulations and COAH reform to Port Authority priorities and balancing the budget.

“Regulation in New Jersey is completely out of control,” said Gov. Christie, who added that Lt. Gov. Kim Guadagno will come out with a report in less than a month recommending regulations and state mandates for the chopping block. The bipartisan effort included two members of the Democratic Legislature as well as two Republic legislators.

Addressing what has long been a source of contention for the real estate industry, Gov. Christie explained that he signed an executive order on the Council for Affordable Housing “because it is a failed Trenton experiment that has led to economic distress in municipality after municipality across the state.” Last Tuesday, the Housing Opportunity Task Force released its report on revamping the affordable housing rules. According to the governor, “I look forward to getting rid of COAH and coming up with a new, commonsense affordable housing plan that does not impose the same types of sanctions and fees. It didn’t work to provide affordable housing, it hurt our economy and its days in New Jersey are numbered.”

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