During his first State of the State speech earlier this week, New Jersey Gov. Phil Murphy highlighted his administration’s recent audit of the state’s tax break program.
He criticized lax oversight at the Economic Development Authority and said the money could have been better spent elsewhere.
More than just bashing enforcement of the incentives, Murphy criticized the law itself.
“The audit revealed bad policy, badly run, a program more likely to have been drawn-up in a smoke-filled back room than created for New Jersey’s future,” he said Tuesday.