Trenton, NJ – Governor Chris Christie today vetoed the Economic Development Authority’s (EDA) award of $420,000 in film tax credits to the Jersey Shore television program, citing New Jersey’s difficult fiscal climate and the need to direct limited state resources to programs and projects that actually benefit the state.
In his veto letter to the EDA, which he signed today, Governor Christie noted his long held, serious concerns about the limited value and return on the cost of the New Jersey Film Tax Credit Transfer Program, which was the basis for his veto of legislation earlier this year to “grossly expand” the program.
“We must ensure that our limited taxpayer dollars are spent on programs and projects that best benefit the State of New Jersey,” Governor Christie said. “I have no interest in policing the content of such projects; however, as Chief Executive I am duty-bound to ensure that taxpayers are not footing a $420,000 bill for a project which does nothing more than perpetuate misconceptions about the State and its citizens.”
That from a press release. The veto letter is here.