How much will Corzine’s restructuring cost Taxpayers? Jon ain’t saying…

The governor’s 2010 budget includes $361 million in “savings” from an unspecified debt restructuring. The treasurer has so far provided no details of how much debt will be restructured, how it will be accomplished or how much it will cost taxpayers.

“The Corzine administration has shown repeatedly that it’s perfectly willing to use expensive, irresponsible borrowing schemes to avoid the tough choices of governance, and that it will keep the details quiet, if it can” according to Senator Joseph Pennacchio, a member of the Senate Budget and Appropriations Committee.


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