Governor Chris Christie has exercised his veto authority to guard against potentially wasteful or unnecessary spending by partially rejecting the minutes of the March 9 meeting of the Urban Enterprise Zone Authority.
The unnecessary spending is in connection with $45,700 in promotional and entertainment-related expenses for the Long Branch UEZ.
Long Branch requested the use of $135,800 in UEZ funds to support concerts, special events and marketing initiatives.
Governor Christie noted in his veto letter that, while much of the Long Branch project fulfills laudable goals of attracting and promoting businesses within the UEZ, the project budget also contains $45,700 in unnecessary spending in a time demanding fiscal restraint.
“Such expenditures contradict my stated goals of fiscal prudence and are not critical to furthering the goals of the Long Branch Project,” the Governor said in his veto letter. “For these reasons, I am compelled to veto the action which approved the Long Branch UEZ Marketing and Business Development Project 2011.”
Among the expenditures included in the $45,700 in spending vetoed by the Governor:
A copy of the veto letter [pdf 50kB].
Topics: 2011, America, business, concerts, economic development, economic growth, Economy, entertainment, Governance, government, Governor Chris Christie, investment, Long Branch, minutes, moniter, monitor, New Jersey, news, promotional expenses, recession, society, special events, U.S., UEZ, United States, unnecessary spending, Urban Enterprise Zone Authority, veto, wasteful
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