Gov. Corzine to forgo full salary in New Jersey

[Thom Little]

In deciding not to accept his $175,000 annual salary when he takes office next month, New Jersey Gov.-elect Jon S. Corzine continues a trend started by his predecessors who also opted for austerity in the face of budgetary concerns.

In the past 15 years, most New Jersey governors - all of them career politicians, only one wealthy - have declined their full salaries.

Other millionaire officeholders around the country, such as California Gov. Arnold Schwarzenegger, New York City Mayor Michael Bloomberg and in his day, President John F. Kennedy, have declined their paychecks.

Corzine, a 58-year-old former Goldman Sachs CEO who is to take office Jan. 17, spent a combined $107 million of his own cash on his successful 2000 U.S. Senate campaign and this year's governor's race. Last year, Corzine's estimated net worth ranged as high as $262 million.

Said aide Andrew Pogue: "The Treasury needs it more than he does."


http://dwb.newsobserver.com/24hour/politics/story/3006458p-11693242c.html

[NJ Democrats]

1. Yay!

NJ saves $700,000!

[Kire]

2. $1,050,000

it's a six year term

Yay and a half!

[AX10]

3. Two four year terms.

[Kire]

4. sorry

just yay, then