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Anthony 'Ace'' Coleman pleaded guilty to aggravated manslaughter just as lawyers were starting to pick a jury for his trial on murder and other charges stemming from the slaying of hapless bystander Edwin 'Dino'' Andino on March 25, 2005.
Under the plea deal, Coleman will be sentenced to 14 years in prison, instead of the 30 years to life that he faced for a murder conviction. With the customary 15 percent off for good behavior, and counting the three years he's been in jail awaiting trial, Coleman, 21, could be back on the streets by 2018.
The sweeping package was approved amid rare joint committee hearings and specially focused meetings of the Assembly Budget Committee and the Assembly Commerce and Economic Development Committee.
Legislation (A-3124) Assemblymen Louis Greenwald (D-Camden) and John McKeon (D-Essex) are sponsoring to enable businesses to write-down net operating losses for up to 20 tax years, as opposed to the currently allowed seven years, was released by the Assembly Budget Committee.
The bill would put New Jersey in line with neighboring states and help businesses recoup losses. The sponsors say the reform is especially needed by small businesses that might not otherwise be able to weather the current economic storm.
The budget panel also advanced legislation (A-2517) Assembly Majority Leader Bonnie Watson Coleman is sponsoring to create a fund to provide foreclosure prevention counseling and make loans and grants available to nonprofits who help homeowners. It also requires creditors seeking to foreclose on a subprime loan to offer a six-month hold to let borrowers negotiate refinancing.
Another bill (A-688) advanced by the Budget Committee would provide an annual cost-of-living increase in a program that helps low-income seniors and disabled persons pay gas and utility bills
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