New York Sponsor of Port Authority Reform Bill Rejects a New Jersey Compromise
ALBANY — A legislative sponsor of an effort to overhaul the Port Authority of New York and New Jersey said on Monday that a possible compromise bill suggested by a leading New Jersey Republican would not be acceptable in New York, all but dooming its chances as currently imagined.
The sponsor, Assemblyman James F. Brennan, a Democrat from Brooklyn, said that the compromise bill, proposed by Senator Thomas H. Kean Jr., did not include several elements that he felt were necessary, including independent oversight of large capital projects, requirements to disclose the compensation of top officers and an obligation on the part of the chief executive to certify that financial statements are “true and accurate.” (McKinley/The New York Times)