New Jersey has routinely raided the state’s Clean Energy Fund to cover unrelated state budget gaps, diverting almost $2 billion since 2010 away from a fund intended to reduce fossil fuel reliance, according to a new report released Thursday.
New Jersey Policy Perspective found that former Gov. Jon Corzine shifted $242 million from the fund to unrelated needs, and his successor, Chris Christie, continued the practice, redirecting more than $1.2 billion during his two terms in office.
Gov. Phil Murphy has plucked more than $533 million from the fund for other purposes since he took office in 2018, even though he vowed during his 2017 campaign to stop such raids, according to the report. Murphy’s transition team also published a 2018 report recommending the fund be used in the way it was intended.
Officials instead spent nearly $2 billion…
State diverted $2B from clean energy fund to NJ Transit, other needs, report finds
