Posted on 08/03/2005 8:40:16 PM PDT by granite
TRENTON, Aug. 3 - Senator Jon S. Corzine provided a $470,000 mortgage to the president of a union that represents thousands of New Jersey state employees in late 2002, then forgave the debt two years later.
The union president, Carla Katz, was Mr. Corzine's girlfriend at the time. The senator said on Wednesday that an investment company he owns gave her the mortgage, then canceled it in December 2004, several months after they had stopped dating.
The loan was not illegal, and Mr. Corzine said he took care of the required gift tax on the money he ended up giving to Ms. Katz.
But if Mr. Corzine succeeds in his race for New Jersey governor this fall against the Republican candidate, Douglas R. Forrester, he could find himself negotiating opposite Ms. Katz, whose union, Local 1034 of the Communications Workers of America, represents 9,000 state workers and is one of a handful of labor groups that will seek billions of dollars from the state for wage increases and a bailout of the state's troubled health care and pension funds....
(Excerpt) Read more at nytimes.com ...
For the per diem interpreters of New Jersey, Carla Katz, president of Communications Workers of America, Local 1034, is going to be a very important person. Since the spring of 2000, efforts have been underway to have New Jerseys Administrative Office of the Courts recognize CWA-1034 as the collective bargaining representative of the per diem interpreters. If we are successful, CWA will be able to help negotiate better pay, better benefits and fair working conditions.
snip
Interview with
Carla Katz, President of Local 1034, the Communication Workers of America
OC: How long have you been the president of Local 1034 and what are your responsibilites?
CK: I've been president for the last eighteen months but I've been with CWA as an officer, staff person and organizer since 1981. I am primarily an advocate for the people who are a part of CWA-1034. It's a big group now: 13,000. Some of the biggest contracts that we hold are for state employees in both the executive branch and in the state judiciary.
New Jersey State Workers Rally Against Cuts
May 23, 2005
Hundreds of state workers and retirees in New Jersey represented by CWA and other unions rallied outside the statehouse in Trenton on May 16 to protest possible cuts in their medical plans and risky changes to their pensions.
Protesters shouted, "We are not the problem," and said some state officials are unfairly pinning the state's budget problems on them. Other leaders are firmly standing by the workers.
"Without these people, our state would be in vastly worse shape than it is," Democratic Assemblywoman Linda Greenstein said, quoted by the Trenton Times. "The (benefits) are tremendous costs, but we can't talk about threatening or cutting things people already have."
snip
In an op-ed column published in the Asbury Park Press, Carla Katz, president of CWA Local 1034, said the "overheated anti-union rhetoric" in the press and from the governor's office has "created the worst climate for public workers since the anti-labor days of the Whitman administration."
"Public workers are not getting rich on the backs of taxpayers," Katz wrote. "Public workers, who earn an average of $50,000 a year and who can retire after 25 years with an average pension of $27,000, are not the culprits in the state's fiscal crisis. Public workers have traded hundreds of millions of dollars in wage increases, and forgone promotions and higher private-sector wages to help the state and local governments meet their fiscal challenges."
Katz said further that CWA's public sector locals, and other unions, have tried to work with the state to contain health care costs, "such as pooling the purchase of prescription drugs, expanding disease management programs and increasing the use of generic drugs."
"The state needs to work with public sector unions, not attack our members' benefits," she said.
AND HERE IT IS:
JSC Investments LLC
8129 Hess
LaGrange IL 60525
(708) 246-4329 or (708) 567-2650
WEB SITE: http://72.14.207.104/search?q=cache:mb1wfp0LWrQJ:www.jscinvestments.com/contact.asp
TIDBIT Last fall, Mr. Corzine went on a buying spree--purchasing party bosses support for his gubernatorial race---- Corzine gave the maximum allowable $37,000 donation to New Jerseys Bergen County Democratic Organization, and Mr. Corzine's 89-year-old mother, a retired schoolteacher in Illinois, donated $37,000 to the Bergen organization as well.
eeuuww
jeez
Here in NJ, corruption like this is an asset on Corslime's resume. Even the Republicans in this state are lefties.
The two probably conferred---make that conspired---to get their stories straight, as well, before speaking to the media.
This is mainstream method for business/politics in NJ!
The feeling is mutual----gag.
Wait a second, you have to pay a gift tax on a mortgage?
Oh don't fret this. This is fine behavior because he's a Democrat liberal. God help him if he was Republican Senator, he'd be impeached.
Corzine, New Jersey's senior U.S. senator, turned the 10-year mortgage into a gift to Carla Katz just a week after kicking off his campaign for governor and several months after the two stopped dating, The Star-Ledger of Newark and The New York Times reported in Thursday's newspapers.
I could be wrong .. but I think this would fall under the category of gift .. whick means he can only give her 10,000
Only after being tarred and feathered and set on fire! Then impeachment, and that would before their was a trial!
After reading the Wa-po story it says he tured the mortgage into a gift. So I get that's why he had to pay a gift tax.
He split from his wife of 33 years in 2002, and their divorce became final in late 2003.
So Carla Katz is the hot pastrami Jon cut the mustard with that put the kibosh to his marriage.
Snort. Jon-Boy wouldn't be in a dilly of a deli if he'd had enough sense to hold the pickle (poster laughs uproariously).
You might be right about the our (Repubs) course of action, but I think if Forrester uses the issue of the forgiven loan to focus the spotlight on dem/union corruption in Jersey that he will find it a very powerful weapon. Forrester is a good man and a good candidate, but because he's a Repub in Jersey he's automatically behind the 8 Ball. I think Forrster has a chance to win if he can successfully label Corzine as just another member of the corrupt New Jersey democratic "machine," in company with the likes of Bob Torricelli, Jim McGreevy, and the New Jersey State Supreme Court for allowing Frank Lautenberg to replace Torricelli on the 2002 ballot.
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