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	<title>New Jersey Senate Republicans » Senator Joe Pennacchio (R-26)</title>
	
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		<title>Senators Call on Corzine to Address Budget Deficits NOW</title>
		<link>http://www.senatenj.com/index.php/tomkean/senators-call-on-corzine-to-address-budget-deficits-now/4446</link>
		<comments>http://www.senatenj.com/index.php/tomkean/senators-call-on-corzine-to-address-budget-deficits-now/4446#comments</comments>
		<pubDate>Thu, 22 Oct 2009 18:52:44 +0000</pubDate>
		<dc:creator>Andy Pratt</dc:creator>
				<category><![CDATA[Senator Anthony R. Bucco (R-25)]]></category>
		<category><![CDATA[Senator Joe Pennacchio (R-26)]]></category>
		<category><![CDATA[Senator Steve Oroho (R-24)]]></category>
		<category><![CDATA[Senator Tom Kean (R-21)]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[Budget Deficit]]></category>
		<category><![CDATA[Budget Shortfall]]></category>
		<category><![CDATA[Corzine Budget]]></category>
		<category><![CDATA[Corzine Policies]]></category>
		<category><![CDATA[Economic Growth]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Governor Jon Corzine]]></category>
		<category><![CDATA[Jon Corzine]]></category>
		<category><![CDATA[New Jersey Budget]]></category>
		<category><![CDATA[State Budget]]></category>
		<category><![CDATA[Taxes]]></category>

		<guid isPermaLink="false">http://www.senatenj.com/?p=4446</guid>
		<description><![CDATA[Four Republican senators held a news conference today to express their growing unease at the failure of Governor Jon Corzine to honestly address plunging tax collections. After refusing to update revenue figures for months, Corzine finally admitted on Monday that tax collections have missed projections by 3.1 percent so far this year. At that pace, [...]]]></description>
			<content:encoded><![CDATA[<p>Four Republican senators held a news conference today to express their growing unease at the failure of Governor Jon Corzine to honestly address plunging tax collections. After refusing to update revenue figures for months, Corzine finally admitted on Monday that tax collections have missed projections by 3.1 percent so far this year. At that pace, the state will have a $1 billion revenue shortfall, adding to the $8 billion to $10 billion deficit projected for next year.</p>
<p><img class="alignnone" title="Senator Anthony Bucco Speaking on New Jersey's Budget Deficit" src="http://www.senatenj.com/uploads/bucco-budget-deficit.jpg" alt="Senator Anthony Bucco Speaking on New Jersey's Budget Deficit" width="490" height="268" /></p>
<p><em>Senate Republican Budget Officer Anthony Bucco speaking about the New Jersey budget deficit on Thursday, October 22, 2009.  Also pictured (from left) are Senator Joe Pennacchio, Senate Republican Leader Tom Kean and Senator Steven Oroho.</em></p>
<p>Incredibly, the governor responded with only $205 million in accounting shifts and an order to his Cabinet to find just $200 million in possible spending reductions.</p>
<p>Read the rest of <a href="http://www.senatenj.com/index.php/tomkean/senators-call-on-corzine-to-address-budget-deficits-now/4446">Senators Call on Corzine to Address Budget Deficits NOW</a> (554 words)</p>
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		<title>Pennacchio Named “Taxpayer Champion” — Scores 100%</title>
		<link>http://www.senatenj.com/index.php/pennacchio/pennacchio-named-taxpayer-champion-scores-100/4397</link>
		<comments>http://www.senatenj.com/index.php/pennacchio/pennacchio-named-taxpayer-champion-scores-100/4397#comments</comments>
		<pubDate>Fri, 16 Oct 2009 17:05:33 +0000</pubDate>
		<dc:creator>Amie Forgatch</dc:creator>
				<category><![CDATA[Senator Joe Pennacchio (R-26)]]></category>

		<guid isPermaLink="false">http://www.senatenj.com/?p=4397</guid>
		<description><![CDATA[State Senator Joe Pennacchio (R-Morris/Passaic) announced today that he was recognized as a &#8220;Taxpayer Champion&#8221; by the New Jersey Taxpayers Alliance.
The New Jersey Taxpayers Alliance, who conducted their first rating of the state&#8217;s legislators, tracked votes for ten bills that were vital to New Jersey&#8217;s taxpayer communities. They gave Senator Joe Pennacchio a perfect score.
Read [...]]]></description>
			<content:encoded><![CDATA[<p>State Senator Joe Pennacchio (R-Morris/Passaic) announced today that he was recognized as a &#8220;Taxpayer Champion&#8221; by the New Jersey Taxpayers Alliance.</p>
<p>The New Jersey Taxpayers Alliance, who conducted their first rating of the state&#8217;s legislators, tracked votes for ten bills that were vital to New Jersey&#8217;s taxpayer communities. They gave Senator Joe Pennacchio a perfect score.</p>
<p>Read the rest of <a href="http://www.senatenj.com/index.php/pennacchio/pennacchio-named-taxpayer-champion-scores-100/4397">Pennacchio Named &#8220;Taxpayer Champion&#8221; &#8212; Scores 100%</a> (95 words)</p>
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		<title>Pennacchio to Corzine: Release Audit Before Awarding More Money to Newark</title>
		<link>http://www.senatenj.com/index.php/pennacchio/pennacchio-to-corzine-release-audit-before-awarding-more-money-to-newark/4330</link>
		<comments>http://www.senatenj.com/index.php/pennacchio/pennacchio-to-corzine-release-audit-before-awarding-more-money-to-newark/4330#comments</comments>
		<pubDate>Fri, 09 Oct 2009 18:27:57 +0000</pubDate>
		<dc:creator>Senate Republican Office</dc:creator>
				<category><![CDATA[Senator Joe Pennacchio (R-26)]]></category>
		<category><![CDATA[audit]]></category>
		<category><![CDATA[DCA]]></category>
		<category><![CDATA[Local Finance Board]]></category>
		<category><![CDATA[Newark]]></category>
		<category><![CDATA[Special Municipal Aid]]></category>

		<guid isPermaLink="false">http://www.senatenj.com/?p=4330</guid>
		<description><![CDATA[Local Finance Board Giving Special Aid to Newark Next Wednesday without Accountability
In response to a meeting of the Local Finance Board scheduled for next Wednesday to give an unknown amount of money to Newark, Senate Budget Committee member Joe Pennacchio (R-Morris) is calling on Governor Corzine to release a long overdue Special Municipal Aid Audit of that city [...]]]></description>
			<content:encoded><![CDATA[<p><strong><em>Local Finance Board Giving Special Aid to Newark Next Wednesday without Accountability</em></strong></p>
<p>In response to a meeting of the Local Finance Board scheduled for next Wednesday to give an unknown amount of money to Newark, Senate Budget Committee member Joe Pennacchio (R-Morris) is calling on Governor Corzine to release a long overdue Special Municipal Aid Audit of that city following last year&#8217;s special aid award of $45 million.</p>
<p>&#8220;The State Budget requires an audit of Newark and Governor Corzine has yet to release it to the public that paid for it, &#8221; said Pennacchio. &#8220;It&#8217;s embarrassing. Governor Corzine will be throwing more money at this problem without finding out how the last $45 million was spent.&#8221;</p>
<p>Read the rest of <a href="http://www.senatenj.com/index.php/pennacchio/pennacchio-to-corzine-release-audit-before-awarding-more-money-to-newark/4330">Pennacchio to Corzine: Release Audit Before Awarding More Money to Newark</a> (107 words)</p>
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		<title>Pennacchio: Democrat FDA Interference Crosses the Line</title>
		<link>http://www.senatenj.com/index.php/pennacchio/pennacchio-democrat-fda-interference-crosses-the-line/4294</link>
		<comments>http://www.senatenj.com/index.php/pennacchio/pennacchio-democrat-fda-interference-crosses-the-line/4294#comments</comments>
		<pubDate>Wed, 30 Sep 2009 17:37:06 +0000</pubDate>
		<dc:creator>Andy Pratt</dc:creator>
				<category><![CDATA[Senator Joe Pennacchio (R-26)]]></category>
		<category><![CDATA[Corzine Policies]]></category>
		<category><![CDATA[FDA]]></category>
		<category><![CDATA[Food and Drug Administration]]></category>
		<category><![CDATA[Governor Jon Corzine]]></category>
		<category><![CDATA[Health Care]]></category>
		<category><![CDATA[Jon Corzine]]></category>
		<category><![CDATA[Lautenberg]]></category>
		<category><![CDATA[medical device]]></category>
		<category><![CDATA[Menaflex]]></category>
		<category><![CDATA[Menendez]]></category>
		<category><![CDATA[Pallone]]></category>
		<category><![CDATA[ReGen]]></category>
		<category><![CDATA[Rothman]]></category>

		<guid isPermaLink="false">http://www.senatenj.com/?p=4294</guid>
		<description><![CDATA[Senator Joe Pennacchio issued the following statement after reading news accounts of allegations that New Jersey U.S. senators and congressmen applied such extreme pressure on regulators that the U.S. Food and Drug Administration overruled its scientists and approved an unsafe, ineffective device for repairing injured knees.
&#8220;These four legislators crossed the line, and Governor Corzine should [...]]]></description>
			<content:encoded><![CDATA[<p>Senator Joe Pennacchio issued the following statement after reading news accounts of allegations that New Jersey U.S. senators and congressmen applied such extreme pressure on regulators that the U.S. Food and Drug Administration overruled its scientists and approved an unsafe, ineffective device for repairing injured knees.</p>
<p>&#8220;These four legislators crossed the line, and Governor Corzine should order an immediate investigation,&#8221; Pennacchio said. &#8220;As a health care professional, I believe no politician should lobby the FDA unless they are absolutely certain they are acting in the best interests of patients.&#8221;</p>
<p>Read the rest of <a href="http://www.senatenj.com/index.php/pennacchio/pennacchio-democrat-fda-interference-crosses-the-line/4294">Pennacchio: Democrat FDA Interference Crosses the Line</a> (166 words)</p>
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		<title>Pennacchio Says He Will Monitor Corzine Claims of Improved Transparency in Stimulus Spending</title>
		<link>http://www.senatenj.com/index.php/pennacchio/pennacchio-says-he-will-monitor-corzine-claims-of-improved-transparency-in-stimulus-spending/4257</link>
		<comments>http://www.senatenj.com/index.php/pennacchio/pennacchio-says-he-will-monitor-corzine-claims-of-improved-transparency-in-stimulus-spending/4257#comments</comments>
		<pubDate>Wed, 23 Sep 2009 19:27:33 +0000</pubDate>
		<dc:creator>Andy Pratt</dc:creator>
				<category><![CDATA[Senator Joe Pennacchio (R-26)]]></category>
		<category><![CDATA[Corzine Policies]]></category>
		<category><![CDATA[Economic Stimulus]]></category>
		<category><![CDATA[Ethics Reform]]></category>
		<category><![CDATA[Federal Stimulus]]></category>
		<category><![CDATA[Federal Stimulus Package]]></category>
		<category><![CDATA[Governor Jon Corzine]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[Transparency in Government]]></category>
		<category><![CDATA[Transparency in Government Act]]></category>

		<guid isPermaLink="false">http://www.senatenj.com/?p=4257</guid>
		<description><![CDATA[Senator Joe Pennacchio, R-Morris and Passaic, said he will continue to monitor transparency in the spending of federal stimulus aid in New Jersey, after Governor Corzine announced that he has finally taken the first steps toward helping taxpayers track where their money is going.
Starting in June, Pennacchio issued repeated news releases pointing out that it [...]]]></description>
			<content:encoded><![CDATA[<p>Senator Joe Pennacchio, R-Morris and Passaic, said he will continue to monitor transparency in the spending of federal stimulus aid in New Jersey, after Governor Corzine announced that he has finally taken the first steps toward helping taxpayers track where their money is going.</p>
<p>Starting in June, Pennacchio issued repeated news releases pointing out that it has been impossible for taxpayers to use the state&#8217;s Web site to track stimulus spending, despite Governor Corzine&#8217;s promises of transparency. The governor announced today that the Web site, <a href="http://www.nj.gov/recovery"><strong>www.nj.gov/recovery</strong></a> has at last been upgraded to include features that other states such as Wisconsin, Michigan and Florida have offered for months.</p>
<p>Read the rest of <a href="http://www.senatenj.com/index.php/pennacchio/pennacchio-says-he-will-monitor-corzine-claims-of-improved-transparency-in-stimulus-spending/4257">Pennacchio Says He Will Monitor Corzine Claims of Improved Transparency in Stimulus Spending</a> (175 words)</p>
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		<title>Pennacchio: One Year Later, Corzine Administration Still Won’t Come Clean on Lehman Investment</title>
		<link>http://www.senatenj.com/index.php/pennacchio/pennacchio-one-year-later-corzine-administration-still-wont-come-clean-on-lehman-investment/4168</link>
		<comments>http://www.senatenj.com/index.php/pennacchio/pennacchio-one-year-later-corzine-administration-still-wont-come-clean-on-lehman-investment/4168#comments</comments>
		<pubDate>Tue, 15 Sep 2009 19:13:31 +0000</pubDate>
		<dc:creator>Andy Pratt</dc:creator>
				<category><![CDATA[Senator Joe Pennacchio (R-26)]]></category>
		<category><![CDATA[Corzine Policies]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Governor Jon Corzine]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[Pension Reform]]></category>
		<category><![CDATA[Pensions]]></category>
		<category><![CDATA[Transparency in Government]]></category>
		<category><![CDATA[Transparency in Government Act]]></category>

		<guid isPermaLink="false">http://www.senatenj.com/?p=4168</guid>
		<description><![CDATA[Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee who represents Morris and Passaic counties, noted sadly that it has been one year since he first asked for answers about the state&#8217;s $118 million loss on an investment in Lehman Brothers.
The $180 million investment came less than four months before Lehman, one [...]]]></description>
			<content:encoded><![CDATA[<p>Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee who represents Morris and Passaic counties, noted sadly that it has been one year since he first asked for answers about the state&#8217;s $118 million loss on an investment in Lehman Brothers.</p>
<p>The $180 million investment came less than four months before Lehman, one of the largest Wall Street investment banks, went bankrupt. The Corzine administration has released almost no details of how the decision was made to put retiree savings and taxpayer contributions into a Wall Street bank that was widely reported to be teetering on the brink of bankruptcy.</p>
<p>Read the rest of <a href="http://www.senatenj.com/index.php/pennacchio/pennacchio-one-year-later-corzine-administration-still-wont-come-clean-on-lehman-investment/4168">Pennacchio: One Year Later, Corzine Administration Still Won&#8217;t Come Clean on Lehman Investment</a> (223 words)</p>
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		<title>Tax Groups Join Senator Pennacchio Calling for Adoption of “Transparency In Government Act”</title>
		<link>http://www.senatenj.com/index.php/pennacchio/tax-groups-join-senator-pennacchio-calling-for-the-adoption-of-the-transparency-in-government-act/4113</link>
		<comments>http://www.senatenj.com/index.php/pennacchio/tax-groups-join-senator-pennacchio-calling-for-the-adoption-of-the-transparency-in-government-act/4113#comments</comments>
		<pubDate>Thu, 10 Sep 2009 19:22:48 +0000</pubDate>
		<dc:creator>Bill Murray</dc:creator>
				<category><![CDATA[Senator Joe Pennacchio (R-26)]]></category>
		<category><![CDATA[Transparency in Government]]></category>
		<category><![CDATA[Ethics]]></category>
		<category><![CDATA[Governor Jon Corzine]]></category>
		<category><![CDATA[Taxes]]></category>
		<category><![CDATA[Transparency in Government Act]]></category>

		<guid isPermaLink="false">http://www.senatenj.com/?p=4113</guid>
		<description><![CDATA[State Senator Joe Pennacchio (R &#8211; Morris/Passaic) was joined in Trenton today by various state and national taxpayer groups in support of his Transparency in Government Act. They called on the Corzine Administration to fulfill its commitment to transparency.

The participants included: Americans for Tax Reform, Sandra Fabry from the Center for Fiscal Accountability, Jerry Cantrell and [...]]]></description>
			<content:encoded><![CDATA[<p>State Senator Joe Pennacchio (R &#8211; Morris/Passaic) was joined in Trenton today by various state and national taxpayer groups in support of his <a title="Transparency in Government Act" href="http://www.senatenj.com/transparency"><strong>Transparency in Government Act</strong></a>. They called on the Corzine Administration to fulfill its commitment to transparency.</p>
<p><img class="alignnone" title="Tax Groups Join Senator Pennacchio Calling for Adoption of Transparency In Government Act" src="http://www.senatenj.com/uploads/pennacchio-transparency2.jpg" alt="" width="495" height="337" /></p>
<p>The participants included: Americans for Tax Reform, Sandra Fabry from the Center for Fiscal Accountability, Jerry Cantrell and Neil Coleman from the New Jersey Taxpayers Association and Parsippany Council President John Cessaro.</p>
<p>Read the rest of <a href="http://www.senatenj.com/index.php/pennacchio/tax-groups-join-senator-pennacchio-calling-for-the-adoption-of-the-transparency-in-government-act/4113">Tax Groups Join Senator Pennacchio Calling for Adoption of &#8220;Transparency In Government Act&#8221;</a> (161 words)</p>
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		<title>Pennacchio Urges Corzine Pension Officials to Release Details of Secret Deals</title>
		<link>http://www.senatenj.com/index.php/pennacchio/pennacchio-urges-corzine-pension-officials-to-release-details-of-secret-deals/4045</link>
		<comments>http://www.senatenj.com/index.php/pennacchio/pennacchio-urges-corzine-pension-officials-to-release-details-of-secret-deals/4045#comments</comments>
		<pubDate>Wed, 26 Aug 2009 19:32:52 +0000</pubDate>
		<dc:creator>Andy Pratt</dc:creator>
				<category><![CDATA[Senator Joe Pennacchio (R-26)]]></category>
		<category><![CDATA[Transparency in Government]]></category>
		<category><![CDATA[Corzine Policies]]></category>
		<category><![CDATA[Division of Investment]]></category>
		<category><![CDATA[Ethics]]></category>
		<category><![CDATA[Governor Jon Corzine]]></category>
		<category><![CDATA[Pension Reform]]></category>
		<category><![CDATA[Pensions]]></category>
		<category><![CDATA[State Investment Council]]></category>
		<category><![CDATA[Transparency in Government Act]]></category>

		<guid isPermaLink="false">http://www.senatenj.com/?p=4045</guid>
		<description><![CDATA[Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, has sent a letter to the state Division of Investment and the chairman of the State Investment Council after reading an Aug. 20 news article that indicates that the state will not reveal where outside advisers have invested about $100 million of taxpayer [...]]]></description>
			<content:encoded><![CDATA[<p>Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, has sent a letter to the state Division of Investment and the chairman of the State Investment Council after reading an Aug. 20 news article that indicates that the state will not reveal where outside advisers have invested about $100 million of taxpayer and worker pensions. The article states that the outside advisers are former employees of Lehman Brothers, which the state is suing for $118 million in investment losses.</p>
<p>Read the rest of <a href="http://www.senatenj.com/index.php/pennacchio/pennacchio-urges-corzine-pension-officials-to-release-details-of-secret-deals/4045">Pennacchio Urges Corzine Pension Officials to Release Details of Secret Deals</a> (1,738 words)</p>
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		<title>Pennacchio: Corzine Administration Dawdling Costly to College Savers</title>
		<link>http://www.senatenj.com/index.php/pennacchio/pennacchio-corzine-administration-dawdling-costly-to-college-savers/3913</link>
		<comments>http://www.senatenj.com/index.php/pennacchio/pennacchio-corzine-administration-dawdling-costly-to-college-savers/3913#comments</comments>
		<pubDate>Mon, 17 Aug 2009 17:38:59 +0000</pubDate>
		<dc:creator>Andy Pratt</dc:creator>
				<category><![CDATA[Senator Joe Pennacchio (R-26)]]></category>
		<category><![CDATA[529 savings plan]]></category>
		<category><![CDATA[Corzine Policies]]></category>
		<category><![CDATA[Governor Jon Corzine]]></category>
		<category><![CDATA[New Jersey Budget]]></category>
		<category><![CDATA[NJ Best 529 Savings Plan]]></category>
		<category><![CDATA[State Investment Council]]></category>

		<guid isPermaLink="false">http://www.senatenj.com/?p=3913</guid>
		<description><![CDATA[Senator Joe Pennacchio (R-26) said he is frustrated that the Corzine administration is dragging its feet on reforms of the state&#8217;s NJBest college savings plan that would lower expenses for struggling middle-class families.
Representatives of Franklin Templeton, the administrator of the plan, met with the senator months ago and said that they would recommend lower fees and [...]]]></description>
			<content:encoded><![CDATA[<p>Senator Joe Pennacchio (R-26) said he is frustrated that the Corzine administration is dragging its feet on reforms of the state&#8217;s NJBest college savings plan that would lower expenses for struggling middle-class families.</p>
<p>Representatives of Franklin Templeton, the administrator of the plan, met with the senator months ago and said that they would recommend lower fees and expanded investment choices that eliminate unnecessary risk for college savers.</p>
<p>Read the rest of <a href="http://www.senatenj.com/index.php/pennacchio/pennacchio-corzine-administration-dawdling-costly-to-college-savers/3913">Pennacchio: Corzine Administration Dawdling Costly to College Savers</a> (145 words)</p>
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		<title>Senate Republican Budget Members File SEC Complaint Against Corzine</title>
		<link>http://www.senatenj.com/index.php/bucco/senate-republican-budget-members-file-sec-complaint-against-corzine/3887</link>
		<comments>http://www.senatenj.com/index.php/bucco/senate-republican-budget-members-file-sec-complaint-against-corzine/3887#comments</comments>
		<pubDate>Fri, 14 Aug 2009 17:58:55 +0000</pubDate>
		<dc:creator>Andy Pratt</dc:creator>
				<category><![CDATA[Senator Anthony R. Bucco (R-25)]]></category>
		<category><![CDATA[Senator Joe Pennacchio (R-26)]]></category>
		<category><![CDATA[Senator Kevin J. O'Toole (R-40)]]></category>
		<category><![CDATA[Senator Marcia Karrow (R-23)]]></category>
		<category><![CDATA[Senator Steve Oroho (R-24)]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[Budget Deficit]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Ethics]]></category>
		<category><![CDATA[Ethics Reform]]></category>
		<category><![CDATA[Governor Jon Corzine]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[New Jersey Budget]]></category>
		<category><![CDATA[State Budget]]></category>
		<category><![CDATA[Transparency in Government]]></category>
		<category><![CDATA[Transparency in Government Act]]></category>

		<guid isPermaLink="false">http://www.senatenj.com/?p=3887</guid>
		<description><![CDATA[Five Republican members of the Senate Budget and Appropriations Committee have filed a complaint against the Corzine administration with the U.S. Securities and Exchange Commission (the SEC). The SEC is the agency responsible for ensuring that issuers fully disclose the risks of buying their bonds to potential investors.
Read the rest of Senate Republican Budget Members [...]]]></description>
			<content:encoded><![CDATA[<p>Five Republican members of the Senate Budget and Appropriations Committee have filed a complaint against the Corzine administration with the U.S. Securities and Exchange Commission (the SEC). The SEC is the agency responsible for ensuring that issuers fully disclose the risks of buying their bonds to potential investors.</p>
<p>Read the rest of <a href="http://www.senatenj.com/index.php/bucco/senate-republican-budget-members-file-sec-complaint-against-corzine/3887">Senate Republican Budget Members File SEC Complaint Against Corzine</a> (299 words)</p>
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