Prieto: Revenue reporting transparency bill awaits governor’s action

TRENTON – The Assembly Budget Committee chairman raised concerns today over the fact complete revenue information has not been issued by the administration.

Assemblyman Vincent Prieto, (D-32), Secaucus, seconded comments made earlier by Democratic Sen. Barbara Buono.

“This has been a concern and that’s why we sent the Governor legislation in June that would require a transparent, detailed and up-to-date snapshot of revenue figures each month,” Prieto said in a statement.

“Especially during tenuous fiscal times like this, it’s important that we know exactly where we stand so we can take any necessary action to address unforeseen revenue fluctuations.”

Prieto’s bill, A2885, would mandate monthly reporting on state budget funds and disclosure of actual revenues compared to anticipated revenues.

The report would be due on the 10th of the month and would include other funds such as the Casino Revenue Fund. In addition, the reports would have to be issued to the Assembly Speaker and Senate President and the respective budget committee chairs and would have to be posted online.

It was passed by the Legislature in June and is on the governor’s desk.

Earlier story:

Buono takes administration to task

  Prieto: Revenue reporting transparency bill awaits governor’s action