ERROR: Macro njDefaultArticleHeader is missing!

Grapevine

GRAPEVINE: Steindel resignation a 'surprise'?

Back to Top Comments Email Print

Latest News

Freight transport company opens new warehouse in Piscataway

By Vince Calio
December 15, 2017 02:50 PM

CONTINUE READING

Cooper’s Ferry Partnership names new president, CEO

By Mario Marroquin
December 14, 2017 01:33 PM

Cooper’s Ferry Partnership board of trustees recently announced it has appointed Kris Kolluri as CEO and president of the organization. CONTINUE READING

advertisement

IXP selected to manage Princeton's 9-1-1 emergency dispatch center

By Emily Bader
December 14, 2017 01:36 PM

Princeton-based IXP Corporation, a public safety and emergency communications solutions provider, has been awarded a contract by the town of Princeton to operate and manage its 9-1-1 emergency communications dispatch center. CONTINUE READING

Moving services firm to relocate to NJ from Staten Island

By Mario Marroquin
December 14, 2017 01:47 PM

Commercial moving service firm Total Relocation Services has purchased a 20,095-square-foot industrial building in Irvington, brokerage NAI Hanson recently announced. CONTINUE READING

JLL to lease office building in Woodcliff Lake

By Mario Marroquin
December 13, 2017 12:25 PM

Developer Hudson Equities recently announced it has selected JLL as the exclusive leasing agent for the 240,000-square-foot office building at 300 Tice Blvd. CONTINUE READING

advertisement

Two weeks ago, when Bloomberg News first broke that Charles Steindel had resigned from his post as the chief economist for Gov. Chris Christie's administration, it was in a way, an unsurprising surprise.

If that’s not a “Yogi-ism,” it should be.

Unsurprising because, according to Bloomberg’s calculations, Steindel’s overly optimistic revenue projections in four out of the last five years missed the mark by a total of $3.5 billion.

That’s a lot, to say the least. And the problem is exacerbated by a $1.7 billion projected budget revenue shortfall for the current fiscal year.

But the move also came as a surprise because Steindel had been with the administration for years and had survived previous revenue shortfalls.

Christie spokesman Michael Drewniak said that Steindel had informed the administration “many months ago” that he planned to resign and accept a teaching role. The initial Bloomberg story also noted this, adding that he would be resigning at the end of August to become a resident scholar at Ramapo College in Mahwah.

But one source wonders if Steindel’s projections finally caught up to him, adding that again, news of the move came as “kind of a surprise.”

With Christie in need of good news on the state’s fiscal affairs, Steindel’s resignation may have been a “casualty of war,” the source said.

COAH is a ‘mess’

Nobody is quite sure what is going on with the Council on Affordable Housing these days.

The board has until November to finalize its latest set of rules, which were unveiled earlier this year and the subject of heated criticism at a public hearing in early July.

Opponents say the new rules do little to actually serve their intended purpose and the drafting process has been anything but transparent.

Gov. Chris Christie is no fan of COAH. He has tried his best on several occasions to get rid of the board altogether, only to later be rebuffed by the courts.

So maybe Christie isn’t the best person to speak on the need to reform COAH, but one source says a complete overhaul of the system may be in the works. How that would be structured though, is anyone’s guess.

“I think everybody realizes that it’s got to be totally reformed,” the source said. “But nobody’s taking the lead on it.”

Another source, asked about COAH, aptly summed up the state of confusion surrounding the board.

“Oh my God, what a mess,” the source said.

Bob Martin’s staying power

If it seems like Bob Martin has been at the Department of Environmental Protection for a long time, it’s because he has.

For a lifetime, in fact — at least when it comes to the shelf life of cabinet chiefs. The DEP commissioner has held the post since soon after Gov. Chris Christie took office in January 2010, and he’s the last major department head still standing after Christie’s re-election.

Only Christie can truly say why — other top agencies are on their second and third commissioners of the Christie era — but business interests certainly aren’t complaining.

One source said that previous governors — mainly Democratic ones — “put the environment way out ahead of the economy when they’re making up their priorities.” And that translated to the leadership at DEP, which for years was nothing more than an anathema to developers.

Business leaders have seen the opposite in recent years: “I think Christie and his guy Martin say ‘Hey, you know what? It can’t be one way out ahead of the other. They’ve got to be working together,’” the source said.

“He’s pro-business and he’s pro-growth,” the person said. “And he sees the DEP’s role as facilitating development and growth and not stopping it.”

Share This Story On:

GRAPEVINE: Steindel resignation a 'surprise'?

Back to Top Comments Email Print

Latest News

advertisement

Two weeks ago, when Bloomberg News first broke that Charles Steindel had resigned from his post as the chief economist for Gov. Chris Christie's administration, it was in a way, an unsurprising surprise.

If that’s not a “Yogi-ism,” it should be.

Unsurprising because, according to Bloomberg’s calculations, Steindel’s overly optimistic revenue projections in four out of the last five years missed the mark by a total of $3.5 billion.

That’s a lot, to say the least. And the problem is exacerbated by a $1.7 billion projected budget revenue shortfall for the current fiscal year.

But the move also came as a surprise because Steindel had been with the administration for years and had survived previous revenue shortfalls.

Christie spokesman Michael Drewniak said that Steindel had informed the administration “many months ago” that he planned to resign and accept a teaching role. The initial Bloomberg story also noted this, adding that he would be resigning at the end of August to become a resident scholar at Ramapo College in Mahwah.

But one source wonders if Steindel’s projections finally caught up to him, adding that again, news of the move came as “kind of a surprise.”

With Christie in need of good news on the state’s fiscal affairs, Steindel’s resignation may have been a “casualty of war,” the source said.

COAH is a ‘mess’

Nobody is quite sure what is going on with the Council on Affordable Housing these days.

The board has until November to finalize its latest set of rules, which were unveiled earlier this year and the subject of heated criticism at a public hearing in early July.

Opponents say the new rules do little to actually serve their intended purpose and the drafting process has been anything but transparent.

Gov. Chris Christie is no fan of COAH. He has tried his best on several occasions to get rid of the board altogether, only to later be rebuffed by the courts.

So maybe Christie isn’t the best person to speak on the need to reform COAH, but one source says a complete overhaul of the system may be in the works. How that would be structured though, is anyone’s guess.

“I think everybody realizes that it’s got to be totally reformed,” the source said. “But nobody’s taking the lead on it.”

Another source, asked about COAH, aptly summed up the state of confusion surrounding the board.

“Oh my God, what a mess,” the source said.

Bob Martin’s staying power

If it seems like Bob Martin has been at the Department of Environmental Protection for a long time, it’s because he has.

For a lifetime, in fact — at least when it comes to the shelf life of cabinet chiefs. The DEP commissioner has held the post since soon after Gov. Chris Christie took office in January 2010, and he’s the last major department head still standing after Christie’s re-election.

Only Christie can truly say why — other top agencies are on their second and third commissioners of the Christie era — but business interests certainly aren’t complaining.

One source said that previous governors — mainly Democratic ones — “put the environment way out ahead of the economy when they’re making up their priorities.” And that translated to the leadership at DEP, which for years was nothing more than an anathema to developers.

Business leaders have seen the opposite in recent years: “I think Christie and his guy Martin say ‘Hey, you know what? It can’t be one way out ahead of the other. They’ve got to be working together,’” the source said.

“He’s pro-business and he’s pro-growth,” the person said. “And he sees the DEP’s role as facilitating development and growth and not stopping it.”

Share This Story On:
advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy
advertisement
ERROR: Macro defaultSidebar is missing!
ERROR: Macro footer_top is missing!
Back to Top