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By Tom Hester | December 12th, 2012 - 9:59am
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Prieto Introduces Bill to Require Legislative OK for Lottery Privatization

(TRENTON) – Assembly Budget Chairman Vincent Prieto on Wednesday announced he’s introduced legislation to require any bid to privatize the state lottery be subject to approval of the state Legislature. The bill (A-3614) comes as the Christie administration moves to privatize lottery services, despite numerous questions about the plan and the administration’s refusal to explain the plan to the public at a recent Assembly Budget Committee hearing on the issue.

“The proposal to privatize without public explanation one of our most profitable and well-run assets is troubling,” said Prieto (D-Hudson/Bergen). “The Christie administration appears ready to forfeit substantial long-term revenue for a one-shot payment that will also hurt small business owners and risk vital programs for our students, veterans and the disabled. More oversight is clearly needed..."

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