Anybody need $175,000 a year? Corzine, like many governors before him, is taking a pass. From Newsday…
In the past 15 years, most New Jersey governors _ all of them career politicians, only one wealthy _ have declined their full salaries.
Corzine, a 58-year-old former Goldman Sachs CEO who is to take office Jan. 17, spent a combined $107 million of his own cash on his successful 2000 U.S. Senate campaign and this year’s governor’s race. Last year, Corzine’s estimated net worth ranged as high as $262 million.
Said aide Andrew Pogue: "The Treasury needs it more than he does."
Department of Treasury records indicate that New Jersey Gov. Jim Florio started the trend of taking partial pay in modern times, accepting $85,000 of the statutorily mandated $130,000 annual salary. Christine Todd Whitman followed suit, as did acting Gov. Donald DiFrancesco in 2001, although by then the official salary was up to $175,000. Former Gov. James E. McGreevey accepted 90 percent of his pay, or $157,000.
Acting Gov. Richard J. Codey, however, accepted his full $175,000 salary for the time he has served since McGreevey’s resignation. An aide was quick to point out Codey has refused the salary for which he also is eligible as Senate president. Senators earn $49,000 a year, but extra pay for the president of that body brings the paycheck to $65,333.