Source: Assembly Republican Press Release -
Two bills sponsored by Assemblyman Jay Webber that will increase accountability and financial responsibility in government advanced from the Assembly Budget Committee today.
“The passage of these bills is a step in the right direction,” said Webber, R-Morris, Essex, and Passaic. “These reforms will shine a light on wasteful spending and the crushing burden of State debt. The next and more important step, however, is actually to stop wasteful spending and reckless borrowing by avoiding them in the first place, and I urge the Legislature to join me going forward in combating those abuses of the taxpayer.”
Before joining the Assembly, Webber successfully fought Governor Jim McGreevey’s attempt to “balance” the State Budget with billions in borrowing, and Webber has voted No and opposed new rounds of State borrowing since entering the Legislature in 2008.
The panel cleared Webber’s A-961, which enhances current State Debt reporting to include detailed long-term debt affordability analysis and revenue projections.
Webber also sponsors the “Transparency in Government Act,” A-103, which provides for the establishment of a State public finance website. With the development of an accessible, user-friendly source of information to track State revenues, expenditures, and past and present levels of bonded indebtedness, taxpayers can see first-hand how their money is spent. Although the Christie Administration already has implemented a similar web portal through Executive Order called yourmoneynj.gov, this Legislative initiative pre-dates the Christie Administration and seeks to build on and codify the Governor’s work in this area.
“The Transparency in Government Act builds on the Governor’s good work on transparency and requires a more comprehensive data set than the existing website. It also gives the requirement of placing government fiscal information online the force of an enacted law that cannot be changed by a future Executive Order, which is a long-term taxpayer protection that will last far beyond the Christie Administration,” concluded Webber.