By Bill Davis, senior editor | In years past, the state Budget and Control Board (BCB) would have vetted requests for approval for similar projects. The BCB was a fairly unique office that gave government flexibility, but some critics contended, also gave the legislative branch too much power over the duties of the executive branch. Its supporters said its flexibility and speed was what helped Wall Street continuously to give the state high credit ratings.
Last year, the legislature ceded some power and split the BCB into the Department of Administration and the Fiscal Accountability Authority. The idea, according to proponent state Sen. Vincent Sheheen (R-Camden), was to create a paradigm where the executive branch could execute with room for legislative oversight.