Gov. Chris Christie appears to have given up on his ‘fairness formula,’ though not the broader goal of revamping how New Jersey distributes school aid. Christie has called since last June to equalize per-pupil school aid across all districts, rather than give additional aid to districts with higher levels of poverty and homes where English isn’t the main language.
Category: Jon Corzine
Phil Murphy Hits NJ Campaign Stops Alongside Bernie’s Son, Levi Sanders
“It is critical we elect progressives like Phil at all levels of government,” asserted Levi Sanders, the son of 2016 presidential candidate Bernie Sanders. The appearance of Sanders yesterday at a pair of campaign events, helped Phil Murphy accomplish two things as a candidate for the Democratic nomination for Governor of New Jersey.
New Jersey set to hand over millions in tobacco cash
Gov. Chris Christie has dedicated his final year in office to addressing the opioid epidemic, but the state’s failure to spend on smoking cessation efforts when thousands of people still die annually from tobacco-related illnesses has drawn derision from advocates and public health officials. Instead of spending millions from a landmark 1998 settlement with the tobacco industry on smoking cessation efforts, New Jersey this year will begin repaying hundreds of millions of dollars to bondholders after converting the settlement money into $90 million to fill a budget hole in 2014.
Ex-lawmaker seeks a comeback bid, this time in N.J. Senate
Seen in this 2009 file photo, then-state Democratic Committee Chairman and Assemblyman Joe Cryan , shares a laugh with Elizabeth Mayor J. Christian Bollwage during the event of Hawaiian Luau at O’Donnell Dempsey Senior Center in Elizabeth. Bryan left the legislature but announced Saturday he was making a comeback by seeking the Senate seat vacated by Sen. Raymond Lesniak who is running for governor.
Corzine Agrees to Futures Industry Ban in CFTC Settlement
Jon Corzine has agreed to a lifetime ban from the futures industry to settle a U.S. lawsuit that he failed to properly oversee MF Global Holdings Ltd. as the brokerage spiraled toward failure in 2011. Corzine, an ex-governor and U.S. senator from New Jersey and the former co-chairman of Goldman Sachs Group Inc., also agreed to pay a $5 million penalty from his own pocket to the Commodity Futures Trading Commission, under a consent order approved by a federal judge in New York Thursday.
MF Global ex-CEO fined $5M, banned from work as trader
WASHINGTON — Jon Corzine, the former New Jersey governor who led the collapsed brokerage MF Global, has been ordered to pay a $5 million penalty for his role in the firm's alleged illegal use of almost $1 billion in customer funds.
Regulators Say Jon Corzine Will Pay $5 Million Penalty Over MF Global Collapse
Former MF Global Chief Executive Jon Corzine will pay a $5 million penalty for his role in the company’s collapse, according to the U.S. Commodity Futures Trading Commission. Under the terms of the settlement , Corzine, who has also served as the governor of New Jersey, is barred from commodity trading and cannot use insurance money to pay the penalty.
Kelly: Happy New Year? Well, let’s make the best of it
Welcome to another New Year. Naturally, we’re thinking of new beginnings, renewed hope, maybe even some long-awaited changes for 2017.
NJ hasn’t been using phone bill money to update 911 systems; will you force it to?
If a proposed ballot measure is approved in the Legislature and then by voters, all of the money raised from a 90-cent fee on New Jersey phone lines would be dedicated for upgrades to 911 and emergency services. The measure is in response to an NJ.com analysis that found that only 15 percent of the $1.37 billion raised since 2004 had gone to those upgrades.