July 24, 2009 
Contact: Amie Forgatch / (973) 227-4012Senator Joe Pennacchio, Transparency in Government
State Senator Joe Pennacchio (R-Morris/Passaic) responded today to Governor Corzine’s reaction to the arrests on corruption of various elected officials by challenging him to once again open the books.
“Governor, it is always about money. If you want to find corruption, follow the money,” said Pennacchio. “It’s time that each and every single dime of money publicly spent should have total and open transparency. Let’s start with the $17 billion in Federal stimulus money whose designations still have yet to be explained.”
Pennacchio said that the Governor’s lamenting of corruption was somewhat specious in lieu of the fact that promises made to create a clear, timely and user friendly website to show where all state monies are being spent has yet to be done contrary to public promises.
The Governor was also chastised by Pennacchio for allowing the Division of Pensions and the Investment Council for stonewalling the Senator’s efforts to find out exactly why the State invested and lost $115 million with Lehman Brothers just before its bankruptcy.
Pennacchio is challenging the Governor to direct the Attorney General to have a complete, open and public investigation of this failed investment scheme. “Do we always have to depend on the FBI and the United States Attorney to vet out corruption in this state?” asked Pennacchio.
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