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McKeon: Gov. Christie’s Proposal to Raid Horizon’s Reserves Should be a Nonstarter

(TRENTON) – Assemblyman John McKeon (D-Essex/Morris) issued the following statement on Wednesday concerning the governor’s proposal to raid Horizon’s reserve fund:

“After 7 years in office, New Jersey stopped buying what the Governor is selling long ago. His latest attempt to permanently tap Horizon’s reserves should be a nonstarter. This would turn into nothing more than a new tax on policyholders that could be raised annually with no vote by the legislature.”