Weekly New York & New Jersey Energy

Weekly New York & New Jersey Energy

New Jersey diverts climate funds to transit system as budget shortfall grows

New Jersey lawmakers have redirected $190 million from the state’s Clean Energy Fund to cover transit and budget gaps, marking the second-largest such transfer in the fund’s history.Rambo Talabong reports for Inside Climate News.In short:The Clean Energy Fund, financed by utility ratepayers to support renewable energy and emissions-reduction programs, lost $190 million — $140 million to New Jersey Transit and $50 million to the general budget.Go…

In Budget Crunch, New Jersey Strips Clean Energy Fund in Near-Record ‘Raid’ - Inside Climate News

Lawmakers diverted $190 million, mostly to New Jersey Transit, despite promises to protect climate funds.By Rambo TalabongFor the 17th year in a row, the New Jersey Legislature diverted tens of millions of dollars meant for clean energy investments to plug shortfalls in their general state budget.

Senator Pennacchio Slams Partisan Budget, Warns of Growing Unaffordability in New Jersey

MORRIS COUNTY — Senator Joe Pennacchio (R-26) released the following statement regarding the Democrats’ latest budget that will continue to make New Jersey more unaffordable: “During my tenure in the State Legislature, it disturbs me how blatantly partisan the budget process has become,” said Sen. Pennacchio. “I have seen my fair share of budgets and […] The post Senator Pennacchio Slams Partisan Budget, Warns of Growing Unaffordability in New J…

In Budget Crunch, New Jersey Strips Clean Energy Fund in Near-Record ‘Raid’

Lawmakers diverted $190 million, mostly to New Jersey Transit, despite promises to protect climate funds. By Rambo Talabong For the 17th year in a row, the New Jersey Legislature diverted tens of millions of dollars meant for clean energy investments to plug shortfalls in their general state budget.