Looks like the litigation friendly lawyers at NJ’s Education Law Center don’t take vacations during August. Just two weeks after the New Jersey School Construction Corporation announced that they had burned through $8.6 billion in money dedicated to NJ school construction, the ELC was at the footsteps of the NJ Supreme Court, demanding that the hard pressed NJ state taxpayers come up with more cash [link].

Nobody knows how much more money it will take. I’ve read as high as $20 billion. That’s $20,000,000,000. Nobody in Trenton, starting at the top, wants to talk about it because there is an election in two and a half months. Corzine and Forrester have nothing to say about it. Plus the state hasn’t finished the investigation of the NJSCC fiasco, which appears to be a financial scandal up there with Enron and MCI as far as rip-offs. You can bet on one thing, the solution will hit us right in the pocketbook.

UPDATE: Bob at eCache has lots more. This may be the first of many financial crisises dumped on the doorstep of the new governor, particularly if Debbie Poritz and the NJ Supreme Court do the expected and demand more money.

This entry was posted on Monday, August 15th, 2005 at 8:41 am and is filed under New Jersey. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.