Codey

CODEY STATEMENT ON LATEST REVENUE PROJECTIONS

            TRENTON – Senate President Richard J. Codey (D-Essex) today responded to the latest revenue projects released by Governor Corzine with the following statement:

Senator Stephen Oroho welcomes new initiatives to kill the "throw-out" rule that is keeping New Jersey from creating jobs.

CODEY CALLS FOR DOBI INTERVENTION TO THWART NEW POTENTIAL MORTGAGE FRAUD

Senate President Also Seeking DCA Intervention on Rising HMFA Mortgage Rates 

            TRENTON – Senate President Richard J. Codey (D-Essex) today sent a letter to the Commissioner of the New Jersey Department of Banking and Insurance (DOBI) seeking intervention to thwart a potentially new crisis looming on the horizon for troubled homeowners.  During a meeting of roughly 200 members of the New Jersey Association of REALTORS last week, it was brought to Codey’s attention that a number of homeowners are now contemplating intentionally defaulting on their mortgages in order to qualify for a mortgage restructuring.

CODEY APPLAUDS ASSEMBLY’S SWIFT PASSAGE OF BILL TO AID STRUGGLING BUSINESSES, ATTRACT NEW INVESTMENTS 

            TRENTON –Senate President Richard J. Codey today applauded the Assembly for unanimously passing a bill, which he has sponsored in the Senate, to aid struggling businesses during the current economic crisis and help New Jersey’s business environment remain competitive with other neighboring states.  The Assembly approved bill S-2130, which would increase the time period in which a net operating loss (NOL) can be deducted from a corporation’s business tax, from seven to twenty years.  

SENATE APPROVES CODEY/TURNER BILL CRACKING DOWN ON “DIPLOMA MILL” ABUSE

            TRENTON – The full Senate today approved a bill sponsored by Senate President Richard J. Codey (D-Essex) and Senator Shirley K. Turner (D-Mercer) that would provide a decisive end to the controversial practice of school administrators and teachers using so-called “diploma mills” to obtain an advanced degree when the institution is not recognized by an official accreditation agency.  Earlier this month, the Senate Education Committee approved the bill after a lengthy hearing on the issue, in which Sen. Codey railed against the practice as nothing short of fraud.

CODEY:  THE PUBLIC HAS A RIGHT TO KNOW HOW THEIR MONEY IS BEING SPENT

Senate President Says He Will Not Invoke Executive Privilege to Block Release of Grant Program Information

            TRENTON – Senate President Richard J. Codey (D-Essex) today announced that he will not invoke executive privilege and supports the release of documents pertaining to the disbursement of grants under the former Property Tax Assistance and Community Development Grants program. 

If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn't.
-- Alice's Adventures in Wonderland, by Lewis Carroll

SENATE BUDGET COMMITTEE OKAYS CODEY/BUONO AID FOR STRUGGLING BUSINESSES

       TRENTON – The Senate Budget and Appropriations Committee today approved a bill sponsored by Senate President Richard J. Codey and Senator Barbara Buono that would aid struggling businesses during the current economic crisis, and help New Jersey’s business environment remain competitive with other neighboring states.  The committee approved bill S-2130, which would increase the time period in which a net operating loss (NOL) can be deducted from a corporation’s business tax, from seven to twenty years.

DIPLOMA MILL HEARING LEADS TO APPROVAL OF CODEY/TURNER BILL CRACKING DOWN ON UNACCREDITED DEGREES 

            TRENTON – The Senate Education Committee today approved a bill sponsored by Senate President Richard J. Codey (D-Essex) and Senator Shirley K. Turner (D-Mercer) that would provide a decisive end to the controversial practice of school administrators and teachers using so-called “diploma mills” to obtain an advanced degree when the institution is not recognized by an official accreditation agency. The vote came after a lengthy hearing in which Sen. Codey railed against the practice as nothing short of fraud. 

Committee to Vote on Codey/Turner Legislation Banning School Employees

From Using Unaccredited Degrees

            TRENTON – The New Jersey Senate Education Committee will hold hearings tomorrow, October 2, to examine the controversy surrounding school employees’ use of “diploma mills” to obtain advanced degrees and subsequent salary perks.  The hearing comes amidst a number of recent reports that top school administrators have received advanced degrees from unaccredited online universities, or diploma mills, and then received tuition reimbursement and salary increases for these unrecognized degrees.