- Associated Press - Monday, May 11, 2015

TRENTON, N.J. (AP) - Gov. Chis Christie has conditionally vetoed a bill that would force the state to disclose more details on the benefits of economic development subsidies that have awarded companies $5 billion in tax breaks on his watch.

Christie wrote in a veto message Monday that he agreed with the intent of the bill, but was concerned about projects being assessed in a vacuum. He said it often takes time for the benefits to be realized.

The bill would have required the state to spell out specific goals and objectives for each program, then assess their effectiveness through detailed performance indicators.

New Jersey’s tax incentives have come under scrutiny. An Associated Press review found some have gone to politically connected companies that are relocating from other parts of the state.


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