Audit Says Massachusetts Governor Didn't Violate Law
A New Jersey treasury audit has found Massachusetts Governor Charlie Baker did not break pay-to-play rules when he donated to Republicans here in 2011.The report was shared with reporters after a meeting of the state panel that oversees the investments of New Jersey’s $80 billion public pension system.
The audit says while Baker was an investment professional, he did not provide those services "as defined by the Policy." Baker won the Massachusetts gubernatorial election in November.
New Jersey's regulations bar the state from investing with a firm whose managers made political contributions within a two-year window.
Baker donated $10,000 in 2011 to the New Jersey Republican committee. Seven months later, the state invested $25 million with General Catalyst Partners where Baker served as an "executive in residence."
The state sold its stake in September 2014.
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