Legislative Profits
As lawmakers ride the gravy train, state's residents pay the freight
Paul D'Ambrosio of the Asbury Park Press led a team of Gannett New Jersey reporters in studying state legislators who profit from public service, finding that "New Jersey's laws, regulations and patronage practices provide state lawmakers with a grab bag of financial rewards," including no-bid contracts, larger pensions and government jobs. A third of state lawmakers and a quarter of their spouses hold another public office, boosting their retirement pay, while legislators receive full pay for the second job even while the legislature is in session. Lawmakers operate almost free of ethical scrutiny because there are virtually no laws to prevent conflicts of interest in the state Senate or Assembly. A member who could profit from a bill can absolve himself by simply sending a note to the secretary of the chamber saying he can still cast a fair vote.
The papers combined for a six-day series and also posted the lawmakers' personal financial disclosure forms online.
· Lawmakers operate almost free of ethical scrutiny [via TheScoop]
· CASH FUNNELING INTO COMMITTEES [Gainesville ]
· Taxing Dark Secrets [BusinessWeek ]