Press Releases

Senate Panel Clears Schaer/Lampitt/Coutinho Bill To Teach Kids Financial Responsibility

SENATE PANEL CLEARS SCHAER/LAMPITT/COUTINHO BILL TO TEACH KIDS FINANCIAL RESPONSIBILITY

Legislation Would Create Pilot Program To Educate High Schoolers
On Sound Financial Practices

(TRENTON) – Legislation Assembly members Gary S. Schaer, Pamela R. Lampitt, and Albert Coutinho sponsored to initiate a pilot program to educate high school students on personal finance management so they can avoid irresponsible spending habits that lead to excessive personal debt and bankruptcy was released today by the Senate Education Committee.

“Too many young people have taken an ‘out of sight, out of mind’ attitude to their personal finances, setting themselves up for financial hardship before they even get their college degree,” said Schaer (D-Passaic/Bergen/Essex), a professional financial advisor.

“We must do a better job of preparing students to be financially responsible adults.”

A 2005 analysis of credit card debt by student-loan provider Nellie Mae found the average college freshman carried a credit card balance of $1,585. That debt load ballooned to an average of $2,864 for college seniors.

Lampitt/DeAngelo Bill Promoting NJ-Based Solar And Wind Energy Businesses Advances

LAMPITT/DeANGELO BILL PROMOTING NJ-BASED
SOLAR AND WIND ENERGY BUSINESSES ADVANCES

Bill Designed to Promote Clean, Energy;
Is Among Many Pushed by Assembly to Promote Alternative Energy

(TRENTON) – Legislation sponsored by Assemblywoman Pamela R. Lampitt and Assemblyman Wayne DeAngelo to promote New Jersey’s solar and wind energy businesses was released today by an Assembly committee.

The bill (A-3616) would grant a preference to New Jersey businesses in the awarding of state contracts for solar panels, wind turbines and other solar and wind energy devices further supporting “green” businesses and jobs in the state.

It also would support projects that aim to use a majority of parts manufactured or produced in the state for the assembly of a final product.

The lawmakers noted a study by the Center for American Progress and the Political Economy Research Institute at the University of Massachusetts estimated New Jersey could create more than 57,000 jobs through investments in alternative energies.

“Investing in ‘green jobs’ not only will help bolster New Jersey’s reputation as home to cutting-edge technology companies, but will produce good-paying jobs for our world-class workforce during this economic crisis,” said Lampitt (D-Camden). “Creating and promoting new opportunities for investment will pay-off huge for New Jersey and its residents for years to come.”

Lampitt Applauds BPU For Protecting 'Green' Energy Rebates

For Release: December 23, 2008
Contact: Brian McGinnis, 856-435-1247

LAMPITT APPLAUDS BPU FOR PROTECTING 'GREEN' ENERGY REBATES

Calls Incentive Funding 'Critical' to State's Energy Future

(VOORHEES)— Assemblywoman Pamela Lampitt (D-Camden) applauded the state Board of Public Utilities’ decision to maintain New Jersey Clean Energy Program’s CORE Rebate funding for all projects that have received a commitment letter. The CORE Rebates program provides funding to projects that develop alternative energy and has given a financial incentive to over 3,400 successful renewable energy projects by businesses and individuals statewide to date.

“The CORE Rebates have been a textbook example of a successful program of incentives and investment,” Lampitt said. “Without New Jersey continuing to offer its own incentives, the state runs the risk of losing the lead it holds over the majority of the nation in promoting alternative energy and seeing technology firms and green jobs leave the state." 

New Jersey has the nation’s second largest solar program, behind only California, largely because of state support and incentives. New Jersey’s Energy Master Plan calls for thirty percent of the state’s energy to come from renewable sources by 2020, which estimates suggest will create 20,000 “green” jobs in the state.

Greenwald, Lampitt Announce $150,000 In Home-Heating Assistance

For Release: December 17, 2008
Contact: Brian McGinnis, 856-435-1247

GREENWALD, LAMPITT ANNOUNCE $150,000 IN HOME-HEATING ASSISTANCE

Sunoco Foundation grant will cover 600 families’ home-heating bills

(PENNSAUKEN)— Assemblyman Louis Greenwald and Assemblywoman Pamela Lampitt (both D-Camden) yesterday announced a $150,000 grant from the Sunoco Foundation to the Camden County Council on Economic Opportunity.  

The grant—given as part of the Foundation’s Low Income Energy Assistance Program—will cover the home-heating bills of approximately 600 low-income families in Camden County.

“I’m proud to stand with the Sunoco Foundation to present this critically needed assistance to South Jersey families,” said Greenwald. “The current economic crisis didn’t start in New Jersey, and it won’t end in New Jersey, but it’s hitting family budgets hard. This grant will provide important help to those who need it most—those who can’t afford their heating bills as we approach the heart of winter.”