Senator Joe Kyrillos reacted with fury and disgust to a Bloomberg News article that says the Corzine administration is paying Goldman Sachs almost $1 million a month because the state recklessly entered a risky financial agreement. The agreement, according to Bloomberg, performed so badly it provides no benefits for taxpayers and never will. Kyrillos demanded that Governor Corzine order an immediate, independent accounting of the more than $4.4 billion of similar transactions that the state and state authorities have entered over the last eight years.

According to Bloomberg, the state has already spent $11.4 million from the state’s nearly bankrupt Transportation Trust Fund to pay what amounts to double interest on a $345 million debt. In the end, the state may pay one of the biggest banks on Wall Street tens of millions of dollars more for doing absolutely nothing for New Jersey taxpayers besides taking their money.

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“No neighboring state is suffering as much in this recession as New Jersey,” Kyrillos said. “There are no excuses that Governor Corzine can give that will make New Jersey feel better about the suffering of so many of our friends and neighbors.

Read the rest of Corzine Should Be Held Accountable for 9.8 Percent Unemployment (144 words)

Senator Joe Kyrillos (R-Monmouth) was named Outstanding Legislator of the Year by one of New Jersey’s leading economic growth and environmental advocacy organizations. The New Jersey Society for Environmental, Economic Development (NJ SEED), which advocates on behalf of policies that improve the state’s economic environment while maintaining protection of its physical environment, honored Kyrillos today at an awards ceremony.

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“For years my colleagues and I have been warning the Corzine Administration that their pursuit of ideologically radical economic policies was dangerous and unsustainable,” Kyrillos stated. “Now, the non-partisan Tax Foundation has ranked New Jersey dead last in business tax climate for the fourth year in a row.

Read the rest of Tax Foundation Ranks New Jersey Dead Last in Business Tax Climate – Again (72 words)

Senator Joe Kyrillos, a member of the Senate Economic Growth Committee, said that, contrary to Governor Corzine’s recently videotaped comments, New Jersey residents don’t have to move all the way to Midwest farm states like North Dakota to find work. August figures show every neighboring state had an unemployment rate lower than New Jersey’s 9.7 percent, a 33-year record. Unemployment was 8.1 percent in Delaware and Connecticut, 8.6 percent in Pennsylvania, 9 percent in New York and 9.1 percent in Massachusetts.

“The governor said that only farm states like North Dakota are experiencing low unemployment,” Senator Kyrillos said. “Our neighbors Connecticut and Massachusetts not only have less farm land than New Jersey, they have far lower unemployment.”

Read the rest of Kyrillos Asks Governor Corzine, Do We Really Have to Go to North Dakota to Find a Job? (205 words)

“It’s incredible. New Jersey, once the economic powerhouse of the East Coast, has become a drag on the regional economy,” Senator Kyrillos said. “Every single neighboring state has a far lower rate of unemployment than New Jersey does. The governor should apologize for his failure to act and call a special session.

Read the rest of Surging Joblessness Proves Corzine’s Economic Record an Utter Failure (257 words)

Senators Gerald Cardinale and Joe Kyrillos, Republicans on the Senate Legislative Oversight Committee, said the committee’s ”upbeat” hearing on electronic medical records appears to have been orchestrated to mask the Corzine administration’s dismal record on health care policy. The senators pointed out that 300,000 fewer people in New Jersey have health insurance than when the Democrats led by Corzine assumed power in 2002.

In contrast, the number of uninsured fell in New York State during the same period. They also noted with frustration that Corzine has put $40 million in matching stimulus funds at risk by moving agonizingly slowly to implement plans for switching to electronic records in New Jersey.

Read the rest of Cardinale, Kyrillos: Governor’s Indecisiveness Puts Stimulus Funds at Risk (259 words)

“As former chief executive of a huge Wall Street banking firm and a securities trader, Governor Corzine knows that this proposed tax could have tremendous negative consequences for New Jersey’s financial services industry,” Senator Kyrillos said. “I urge him to speak out against this job-killing proposal.”

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“Jon Corzine’s record on job creation is abysmal. New Jersey’s economy was in decline long before the national recession took hold. Our unemployment rate remains higher than that of any neighboring state’s.

Read the rest of Kyrillos: New Jersey’s Unemployment Rate Up Again While National Rate Falls (97 words)

Read the rest of New Jersey’s Unemployment Rate Among Worst in Region — Again (179 words)