Assembly Budget Committee Chairman Vincent Prieto said it makes no sense to move forward before the costs are tallied, despite the Republican governor’s July 1 deadline. Committee member Al Coutinho said the University of Medicine and Dentistry of New Jersey’s $240 million debt could be a deal-killer, as could concerns over the financial viability of University Hospital in Newark if it’s no longer supported by UMDNJ.
“If this was so important, why wasn’t a financial component part of the analysis so we could move forward,” Prieto (D-Hudson) asked while questioning Higher Education Commissioner Rochelle Hendricks during a budget hearing. “Normally this administration is so business-oriented. How do we do legislation without knowing what the price tag is?”
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