"The reorganization is a testimony to this administration'scommitment to implement reforms that put an end to the waste andmismanagement of the past," Corzine says, in a prepared statement."We will now have a more streamlined entity with the propercontrols in place [to] ensure more efficient delivery of qualityschools… ."


Created in 2002 and allotted $8.6 billion to build new schoolsand rebuild old ones, the now-defunct SCC spent almost $5.7 billionof that allotment on new buildings and repairs to existinginstitutions numbering nearly 500 facilities. But the corporationcollapsed earlier this year amid charges of major cost overruns andmismanagement.


The new NJSDA will be headed by Scott Weiner, former executivedirector of the old SCC. Weiner was hired to the latter post latelast year as part of a management overhaul that eventually led tocreation of the new NJSDA. Legislation has also been introduced toauthorize the borrowing of an additional $3.3 million to be addedto what remains of the former SCC's original allotment.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.