Prieto: it’s ‘insulting’ Treasurer skipped hearing

TRENTON – Assembly Budget Committee Chairman Vincent Prieto said today that he found it insulting Treasurer Andrew Sidamon-Eristoff will not be attending today’s hearing. Prieto said they heard from the executive branch that “he’s got better things to do.”

“It’s kind of sad. I find it insulting,” he said.

Such an action amounts to a lack of sufficient transparency, Prieto said.

“It’s supposed to be checks and balances of the Executive Branch,” he said. “It’s an insult to every resident in the state of New Jersey.”

Prieto said it’s important to get information from all sides in order to improve the state’s fiscal outlook.

“Nobody in this room is rooting for failure.”

Fiscal year 2012 impacts fiscal year 2013, and to adjust it is going to be difficult, he explained.

“We can’t bury our heads in the sand.”

The committee hearing was called to look at FY12 projections, which according to the Office of Legislative Services may fall approximately $250 million below expectations.  

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