Hugh J. Boyd Elementary School Teacher Nancy Corsaro Honored
Senator Andy Ciesla and Assemblymen Jim Holzapfel and Dave Wolfe (all R-10) presented the 10th annual “Excellence in Education Award” during a ceremony recently at the Hugh J. Boyd Elementary School in Seaside Heights to art teacher Nancy Corsaro.
“Mrs. Corsaro stands as a symbol of excellence in teaching and is a model for those who teach or desire to make a difference in our children’s present and future, ” said Ciesla. “She brings her creativity, passion and knowledge to the classroom each day which resonates with the children and encourages learning. It is an honor to present the Tenth Annual Excellence in Education Award to such an outstanding educator.”
Kyrillos: Corzine Pleads Ignorance as Goldman Gets Taxpayer Money for Nothing, Interest Checks for Free
“New Jersey Pays Goldman Sachs for Swaps on Nonexistent Bonds” — Headline of a Bloomberg News Article Published on Oct. 23
Senator Joe Kyrillos reacted with fury and disgust to a Bloomberg News article that says the Corzine administration is paying Goldman Sachs almost $1 million a month because the state recklessly entered a risky financial agreement. The agreement, according to Bloomberg, performed so badly it provides no benefits for taxpayers and never will. Kyrillos demanded that Governor Corzine order an immediate, independent accounting of the more than $4.4 billion of similar transactions that the state and state authorities have entered over the last eight years.
According to Bloomberg, the state has already spent $11.4 million from the state’s nearly bankrupt Transportation Trust Fund to pay what amounts to double interest on a $345 million debt. In the end, the state may pay one of the biggest banks on Wall Street tens of millions of dollars more for doing absolutely nothing for New Jersey taxpayers besides taking their money.
Crude Oil Prices Top $80 a Barrel
With crude oil prices topping the $80 per barrel threshold, Assembly Republican members Dave Wolfe and James Holzapfel today said an increase in the state’s gasoline tax, which Governor Corzine recently said he is considering, would have far reaching and devastating consequences on the state’s economy and its residents who are already buried in suffocating taxes and debt.
The 10th Legislative District lawmakers said that in addition to paying more for gas at the pump, prices for goods and services will increase as well as higher transport costs will be passed onto consumers.
Four Republican senators held a news conference today to express their growing unease at the failure of Governor Jon Corzine to honestly address plunging tax collections. After refusing to update revenue figures for months, Corzine finally admitted on Monday that tax collections have missed projections by 3.1 percent so far this year. At that pace, the state will have a $1 billion revenue shortfall, adding to the $8 billion to $10 billion deficit projected for next year.
Senate Republican Budget Officer Anthony Bucco speaking about the New Jersey budget deficit on Thursday, October 22, 2009. Also pictured (from left) are Senator Joe Pennacchio, Senate Republican Leader Tom Kean and Senator Steven Oroho.
Incredibly, the governor responded with only $205 million in accounting shifts and an order to his Cabinet to find just $200 million in possible spending reductions.
New Law Bars Sex Offenders from Positions in Youth Organizations
State Senator Anthony R. Bucco is pleased to announce that Senate Bill 532, which bars certain sex offenders from positions in youth serving organizations, has been signed into law.
In the bill’s two-year history in both the Senate and the Assembly, it was voted favorably in all committees and in both Houses with no one being opposed to the bill on any level. Senator Bucco and Senator John A. Girgenti sponsored the bill together.
$8 Million Penalty for Breaking Long-Term Lease Should Stand
Senator Gerald Cardinale (R-Bergen) issued the following statement regarding a report published in the Star-Ledger indicating that the New Jersey Nets are considering a move to the Prudential Center in Newark. The team currently plays at the Izod Center in the Meadowlands. In order to move to Newark, the Nets would require the New Jersey Sports and Exposition Authority (NJSEA) to forgive an $8 million penalty for breaking its lease.
“It would be disturbing if Governor Corzine considers allowing the Nets to move from the Meadowlands to Newark without fulfilling its contractual obligation to the Izod Center. The Nets signed the contract with the Izod Center and should be held to the terms of that contract.
Senator Kevin O’Toole issued the following statement regarding the release of the regional employment numbers:
“Governor Corzine’s assertion that New Jersey’s economy is better than our neighbors is patently false, disproven by the facts. Our state, once an economic powerhouse, is now a pale shadow of its former self due to the policies of Jon Corzine and his allies in Trenton.
The New Jersey Taxpayers Alliance has announced that State Senator Christopher “Kip” Bateman (R-Somerset) is a recognized “Taxpayer Champion” who has never failed to champion taxpayers in the fight to make the state more affordable and Trenton more accountable.
The Alliance, in its first rating of state legislators, gave Bateman a perfect score for voting in the interest of taxpayers on 10 critical bills.
$405 Million in Half Measures Doesn’t Solve $1 Billion Problem
Senator Steve Oroho, a member of the Senate Budget and Appropriations Committee, made the following comment on Governor Corzine’s announcement that he plans to address a potential deficit of more than $1 billion this year and more than $8 billion next year with $405 million in vague accounting changes and token spending cuts.
“In New York, Governor Paterson is pleading with Legislature to help him find $3 billion in savings to prepare the state for coming deficits,” Senator Oroho said. “In New Jersey, the press had to prod Governor Corzine repeatedly to even acknowledge the state has a problem.
Shortfall Could Reach $1 Billion This Budget Year
Senate Republican Budget Officer Anthony Bucco today called on Senate Budget and Appropriations Chair Barbara Buono to reconvene the committee immediately to confront New Jersey’s declining revenue collections.
“It is imperative that the budget committees of both houses reconvene immediately in order to implement budget savings to cover this historic plunge in state revenues. At the current rate of decline, 3.1 percent, the shortfall this year could reach $1 billion.