TRENTON - The Senate Transportation Committee released legislation that would increase the reporting requirements of the state’s Financial Policy Review Board regarding the state Transportation Trust Fund (TTF).
The bill, A3059, sponsored by Assemblyman John Wisniewski (D-19) of Sayreville, would grant the state Financial Policy Review Board additional oversight powers. Specifically, it would require the board to report to the Legislature.
On an annual basis, the board must report:
The bill calls for the following information to be reported quarterly by the board:
The bill would also require the Financial Policy Review Board, with assistance from the DOT, to create a public website on which the reports would be posted.
The committee released the bill with no opposition.
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“The new agenda is charter schools. It’s a profit-making business. $500 million will not be in our hands. The school board is an advisory board. We are not going to tell the governor to unleash the dollars. Don’t be fooled. It’s not abracadabra. It’s politics.” - Paterson Mayor Jeff Jones- PolitickerNJ.com
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